Proposing a balanced budget amendment to the Constitution of the United States.

Hozzl · 2025-01-16T09:06:15Z

Explore the details of House Bill 10 Proposing a balanced budget amendment to the Constitution of the United States. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

1/16/2025, 9:06 AM

Summary of Bill HJRES 10

Bill 119 HJRes 10, 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 require Congress to pass a budget each year that does not result in a deficit, unless a three-fifths majority in both the House of Representatives and the Senate vote to allow for a deficit in certain circumstances, such as during times of war or national emergency.

Supporters of the Balanced Budget Amendment argue that it would help control government spending and reduce the national debt, which is currently over $28 trillion. They believe that a balanced budget requirement would force Congress to make tough decisions about spending priorities and prevent future generations from being burdened with excessive debt. Opponents of the amendment argue that it could lead to cuts in important government programs, such as Social Security and Medicare, and hinder the government's ability to respond to economic downturns or emergencies. They also point out that balancing the budget could be difficult during times of recession or when facing unexpected expenses. Overall, the Balanced Budget Amendment is a controversial proposal that has been debated in Congress for many years. It raises important questions about fiscal responsibility, government spending, and the role of the federal government in managing the nation's finances.

Congressional Summary of HJRES 10

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 three-fifths roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.

The amendment requires a three-fifths roll call vote of each chamber to increase the public debt limit. It prohibits a bill to increase revenue from becoming law unless it has been approved by a majority roll call vote of each chamber.

The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.

Congress may waive these requirements due to a declaration of war or a military conflict that causes an imminent and serious military threat to national security.

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Current Status of Bill HJRES 10

Bill HJRES 10 is currently in the status of Bill Introduced since January 3, 2025. Bill HJRES 10 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HJRES 10's most recent activity was Referred to the House Committee on the Judiciary. as of January 3, 2025

Bipartisan Support of Bill HJRES 10

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HJRES 10

Primary Policy Focus

Economics and Public Finance

Potential Impact Areas

Budget deficits and national debtConstitution and constitutional amendmentsEconomic performance and conditionsIncome tax ratesLegislative rules and procedure

Alternate Title(s) of Bill HJRES 10

Proposing a balanced budget amendment to the Constitution of the United States.Proposing a balanced budget amendment to the Constitution of the United States.

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