This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.
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| Congress | 119 |
| Bill Type | HJRES |
| Bill Number | 17 |
| Origin Chamber | House |
| Current Status | Referred to the House Committee on the Judiciary. |
| Policy Area | Economics and Public Finance |
| Primary Committee | Not assigned |
| Introduced | January 13, 2025 |
| Latest Action | January 13, 2025 |
| Cosponsors | 2 · House vote — · — views |