Bill > HJRes11

This joint resolution proposes a balanced budget amendment to the United States Constitution that would fundamentally change federal budgeting and spending practices. The amendment would require total government outlays to not exceed total receipts in any fiscal year, with exceptions allowing a three-fifths majority vote in Congress to authorize spending beyond receipts. The proposed amendment sets specific limits on annual spending, capping it at 20% of estimated gross domestic product (GDP) in the first year and progressively reducing that percentage by 0.1 percentage points each subsequent year, with a minimum spending floor of 16% of GDP. It would also require the President to submit a budget where outlays do not exceed receipts, mandate that each government department and agency provide detailed justifications for their budget line items, prohibit increasing the national debt without a three-fifths congressional majority, and require revenue increase bills to be approved by a three-fifths majority. The amendment includes provisions for waiving these requirements during wartime, military conflicts, national security threats, or natural disasters, and would take effect either ten years after ratification or after the first year the federal budget is not in deficit. Ratification would require approval by three-fourths of state legislatures within seven years of submission.

Justice

https://www.congress.gov/bill/119th-congress/house-joint-resolution/11/all-info