Plain English
GovGreed Synthesis ·
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. 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.
Market Impact Map
Action Timeline
2025-11-20
Read twice and referred to the Committee on the Judiciary.
2025-11-20
Introduced in Senate
Full Bill Text
119 SJ 97 IS: Proposing a balanced budget amendment to the Constitution of the United States. U.S. Senate 2025-11-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIA 119th CONGRESS 1st Session S. J. RES. 97 IN THE SENATE OF THE UNITED STATES November 20, 2025 Mr. Husted (for himself and Ms. Lummis ) introduced the following joint resolution; which was read twice and referred to the Committee on the Judiciary JOINT RESOLUTION Proposing a balanced budget amendment to the Constitution of the United States. That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification: — 1. Expenditures and receipts shall be balanced, which may occur over more than 1 year. Expenditures shall include all expenditures of the United States except those for payment of debt, and receipts shall include all receipts of the United States except those derived from borrowing. Congress shall achieve balance within 10 years following the date of the ratification of this article. 2. For emergency situations, Congress may, for limited times, authorize expenditures exceeding those allowable under section 1, if two-thirds of the House of Representatives and the Senate agree to pass the bill. Debts incurred from such expenditures shall be paid as soon as practicable. .
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