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

Hozzl · 2025-01-28T14:13:54Z

Explore the details of House Bill 17 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.

1/28/2025, 2:13 PM

Summary of Bill HJRES 17

Bill 119 HJRes 17 proposes a balanced budget amendment to the Constitution of the United States. This amendment would require the federal government to operate with a balanced budget, meaning that its spending cannot exceed its revenue. The goal of this amendment is to ensure that the government does not accumulate excessive debt and to promote fiscal responsibility.

The amendment would also require a three-fifths majority vote in both the House of Representatives and the Senate in order to approve any budget that is not balanced. This would make it more difficult for the government to pass budgets that result in deficits.

Supporters of the balanced budget amendment argue that it is necessary to prevent the government from overspending and accumulating unsustainable levels of debt. They believe that a balanced budget requirement would force the government to make tough decisions about spending priorities and would ultimately lead to a more efficient and responsible use of taxpayer dollars. Opponents of the amendment argue that it could limit the government's ability to respond to economic downturns or emergencies by restricting its ability to borrow money. They also argue that a balanced budget requirement could lead to cuts in important programs and services, such as social security and Medicare. Overall, the balanced budget amendment proposed in Bill 119 HJRes 17 is a controversial issue that has sparked debate among lawmakers and the public. It remains to be seen whether this amendment will gain enough support to be passed into law.

Congressional Summary of HJRES 17

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 17

Bill HJRES 17 is currently in the status of Bill Introduced since January 13, 2025. Bill HJRES 17 was introduced during Congress 119 and was introduced to the House on January 13, 2025. Bill HJRES 17's most recent activity was Referred to the House Committee on the Judiciary. as of January 13, 2025

Bipartisan Support of Bill HJRES 17

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 17

Primary Policy Focus

Economics and Public Finance

Alternate Title(s) of Bill HJRES 17

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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