HJRES 17
Proposing a balanced budget amendment to the Constitution of the United States.
Summary
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 roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.
Bill status
- Status
- In committee
- Sponsor
- Rep. Jay Obernolte [R-CA-23]
- Cosponsors
- 2
- Policy area
- Economics and Public Finance
- Introduced
- 2025-01-13
- Latest action
- 2025-01-13: Referred to the House Committee on the Judiciary.
Committee referrals
Recent actions
- 2025-01-13: Referred to the House Committee on the Judiciary.
- 2025-01-13: Introduced in House
- 2025-01-13: Introduced in House