H.J.Res. 17 Introduced Economics and Public Finance

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

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Obernolte, Jay [R-CA-23] Introduced January 13, 2025 Cosponsors 2 (2 R) Latest action January 13, 2025

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jan 13, 2025 Referred to the House Committee on the Judiciary.
  2. Jan 13, 2025 Introduced in House

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