Proposing a balanced budget amendment to the Constitution of the United States.
1/15/2025, 6:40 PMSummary of Bill HJRES 2
Bill 119 hjres 2, 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 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 sparked debate among lawmakers and the public about the best way to address the federal government's fiscal responsibilities.
Congressional Summary of HJRES 2
This joint resolution proposes a constitutional amendment that prohibits total outlays for any fiscal year from exceeding total receipts for that fiscal year.
The amendment also prohibits (1) increases to the federal debt limit, and (2) a bill that increases revenue from becoming law unless the bill has been approved by two-thirds of each chamber of Congress with a roll call vote.
Read the Full Bill
Current Status of Bill HJRES 2
Bill HJRES 2 is currently in the status of Bill Introduced since January 3, 2025. Bill HJRES 2 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HJRES 2's most recent activity was Referred to the House Committee on the Judiciary. as of January 3, 2025Bipartisan Support of Bill HJRES 2
Total Number of Sponsors
9Democrat Sponsors
0Republican Sponsors
9Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HJRES 2
Primary Policy Focus
Economics and Public FinanceAlternate Title(s) of Bill HJRES 2
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 2
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