Bill > HJRes3

This joint resolution proposes a constitutional amendment to require a balanced federal budget and impose strict fiscal constraints. The amendment would mandate that total government spending cannot exceed total government receipts in any fiscal year unless two-thirds of Congress approves an exception by roll call vote. Additionally, annual federal outlays would be limited to 18 percent of the previous year's gross domestic product (GDP), with similar two-thirds congressional approval required for exceeding this threshold. The President would be required to submit an annual budget meeting these constraints, and any new tax or tax rate increase would need a two-thirds majority vote in both congressional chambers. The resolution also includes provisions for debt limit increases, requiring a three-fifths congressional majority, and allows temporary waivers during declared wars or serious military conflicts threatening national security. Notably, the amendment prohibits courts from ordering revenue increases to enforce its provisions and would take effect five years after ratification. These provisions aim to enforce fiscal discipline and constrain government spending by establishing constitutional budget rules.

Justice

https://www.congress.gov/bill/119th-congress/house-joint-resolution/3/all-info