[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 19 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
S. J. RES. 19

Proposing a balanced budget amendment to the Constitution of the United 
                                States.


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                   IN THE SENATE OF THE UNITED STATES

                             March 15, 2023

 Mr. Braun (for himself and Ms. Lummis) introduced the following joint 
 resolution; which was read twice and referred to the Committee on the 
                               Judiciary

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                            JOINT RESOLUTION


 
Proposing a balanced budget amendment to the Constitution of the United 
                                States.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled   (two-thirds of each House 
concurring therein), 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:

                              ``Article--

    ``Section 1. Expenditures and receipts shall be balanced, which may 
occur over more than one 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 ten years 
following the ratification of this article.
    ``Section 2. For emergency situations, two-thirds of the House of 
Representatives and the Senate may for limited times authorize 
expenditures exceeding those pursuant to rules established under 
section 1. Debts incurred from such expenditures shall be paid as soon 
as practicable.''.
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