3.0.0 2 2024-07-24T15:24:14Z 2024-07-24T15:24:14Z House H HJRES 2023-01-09 118 [Congressional Record Volume 169, Number 7 (Monday, January 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUCHANAN:H.J. Res. 2.Congress has the power to enact this legislation pursuantto the following:Art. 1, Sec. 8[Page H114]]]> hsju00 Judiciary Committee House Standing Referred to 2023-01-09T22:26:10Z Proposing a balanced budget amendment to the Constitution of the United States. 118 12 HJRES 2023-01-09 Referred to the House Committee on the Judiciary. Related bill CRS Proposing a balanced budget amendment to the Constitution of the United States. 118 55 HJRES 2023-04-18 Referred to the House Committee on the Judiciary. Related bill CRS Proposing a balanced budget amendment to the Constitution of the United States. 118 15 HJRES 2023-01-11 Referred to the House Committee on the Judiciary. Related bill CRS 2023-01-09 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2023-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-09 Introduced in House IntroReferral 1000 9 Library of Congress B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 N Economics and Public Finance Budget deficits and national debt 2023-01-17T14:18:31Z Budget process 2023-01-17T14:18:31Z Constitution and constitutional amendments 2023-01-17T14:18:31Z Income tax rates 2023-01-17T14:18:31Z Legislative rules and procedure 2023-01-17T14:18:31Z Economics and Public Finance 2023-01-10T19:11:03Z 00 2023-01-09 Introduced in House 2023-01-10T17:38:49Z This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.

The amendment prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product of the United States unless two-thirds of each chamber of Congress provides for a specific increase above this amount.

The amendment requires a two-thirds vote of each chamber of Congress to impose a new tax, increase the statutory rate of any tax, or increase the aggregate amount of revenue. It requires a three-fifths vote of each chamber to increase the limit on the debt of the United States.

The President must submit an annual budget in which total outlays do not exceed total receipts or 18% of the gross domestic product of the United States.

The amendment prohibits a court from ordering a revenue increase to enforce the requirements.

Congress may waive specified requirements when a declaration of war is in effect or the United States is engaged in a military conflict that causes an imminent and serious military threat to national security.

]]> Proposing an amendment to the Constitution of the United States relative to balancing the budget. Display Title 45 Proposing an amendment to the Constitution of the United States relative to balancing the budget. 2024-07-24T15:24:14Z Official Title as Introduced 6 Proposing an amendment to the Constitution of the United States relative to balancing the budget. 2024-03-18T20:09:46Z Introduced in House IH Introduced in House 2023-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hjres2ih/xml/BILLS-118hjres2ih.xml 2023-01-09 Referred to the House Committee on the Judiciary. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.