119 SJ 97 IS: Proposing a balanced budget amendment to the Constitution of the United States. U.S. Senate 2025-11-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IIA119th CONGRESS1st SessionS. J. RES. 97IN THE SENATE OF THE UNITED STATESNovember 20, 2025Mr. Husted (for himself and Ms. Lummis) introduced the following joint resolution; which was read twice and referred to the Committee on the JudiciaryJOINT RESOLUTIONProposing a balanced budget amendment to the Constitution of the United States.

That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification: —

1.Expenditures and receipts shall be balanced, which may occur over more than 1 year. Expenditures shall include all expenditures of the United States except those for payment of debt, and receipts shall include all receipts of the United States except those derived from borrowing. Congress shall achieve balance within 10 years following the date of the ratification of this article.

2.For emergency situations, Congress may, for limited times, authorize expenditures exceeding those allowable under section 1, if two-thirds of the House of Representatives and the Senate agree to pass the bill. Debts incurred from such expenditures shall be paid as soon as practicable.

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