Proposing a balanced budget amendment to the Constitution of the United States.
12/15/2023, 3:52 PMSummary of Bill HJRES 15
Bill 118 hjres 15, also known as the Balanced Budget Amendment, is a proposed amendment to the Constitution of the United States. The purpose of this amendment is to require the federal government to operate with a balanced budget, meaning that its spending cannot exceed its revenue.The amendment would mandate that Congress pass a budget each year in which total spending does not exceed total revenue. It would also require a three-fifths majority vote in both the House of Representatives and the Senate to approve any budget that is not balanced.
Supporters of the Balanced Budget Amendment argue that it would help control government spending and reduce the national debt. They believe that forcing the government to live within its means would lead to a more fiscally responsible and sustainable budget. Opponents of the amendment, however, argue that it could lead to harmful cuts in essential programs and services, such as education, healthcare, and infrastructure. They also argue that it could limit the government's ability to respond to economic downturns or emergencies. Overall, the Balanced Budget Amendment is a controversial proposal that seeks to address the issue of government spending and the national debt. It has both supporters and critics, and its potential impact on the economy and government programs is a topic of ongoing debate in Congress.
Congressional Summary of HJRES 15
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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Current Status of Bill HJRES 15
Bill HJRES 15 is currently in the status of Bill Introduced since January 11, 2023. Bill HJRES 15 was introduced during Congress 118 and was introduced to the House on January 11, 2023. Bill HJRES 15's most recent activity was Referred to the House Committee on the Judiciary. as of January 11, 2023Bipartisan Support of Bill HJRES 15
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HJRES 15
Primary Policy Focus
Economics and Public FinancePotential Impact Areas
Budget deficits and national debtBudget processConstitution and constitutional amendmentsLegislative rules and procedurePresidents and presidential powers, Vice PresidentsAlternate Title(s) of Bill HJRES 15
Proposing a balanced budget amendment to the Constitution of the United States.Proposing a balanced budget amendment to the Constitution of the United States.Comments
Most relevant
Sponsors and Cosponsors of HJRES 15
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