Bill > HJRes139

This resolution proposes an amendment to the U.S. Constitution that would require the federal government to maintain a balanced budget. Specifically, it states that total government spending in a given year cannot exceed the average of the previous three years' collected revenue, with adjustments made for population growth and inflation. This limit on spending would exclude payments on the national debt, and revenue would exclude money borrowed by the government. However, Congress could override this limit for specific expenditures with a two-thirds vote in both the House and Senate, or if a declaration of war is in effect. Furthermore, any new taxes or increases to existing tax rates would also require a two-thirds vote in both chambers. The amendment would become effective five years after being ratified by three-fourths of the states.

Justice

https://www.congress.gov/bill/119th-congress/house-joint-resolution/139/all-info