119th Congress Economics and Public Finance
S.J.Res. 97: Proposing a balanced budget amendment to the Constitution of the United States
A joint resolution proposing a balanced budget amendment to the Constitution of the United States.
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This joint resolution proposes a constitutional amendment that requires federal expenditures and receipts to be balanced, which may occur over more than one year.
Under the amendment, expenditures include all federal expenditures except those for payment of debt. Receipts do not include receipts derived from borrowing.
The amendment requires Congress to achieve balance within 10 years of the ratification of the amendment.
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In an emergency situation, Congress may authorize additional expenditures that are not otherwise permitted by the amendment if two-thirds of the House of Representatives and the Senate agree to pass the bill. The additional expenditures must be for a limited time, and debts incurred from the expenditures must be paid as soon as practicable.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Cynthia Lummis R-WYOriginal
- Rick Scott R-FL
Who scored on this bill
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Other bills by Jon Husted
History
- Introduced in the Senate by Jon Husted.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on the Judiciary.