Bill > HJRes139

This joint 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 government's income (receipts) from the previous three years, with adjustments made for changes in the U.S. population and inflation. This spending limit would apply to all government expenditures except for payments on the national debt, and the income limit 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 for any year in which the U.S. is officially at war. Furthermore, any new taxes or increases to existing tax rates would require a two-thirds vote in both chambers of Congress. The amendment also mandates that Congress pass laws to enforce these provisions and 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