Proposing a balanced budget amendment to the Constitution of the United States.
H.J.Res. 113 proposes a constitutional amendment requiring the federal government to balance its annual budget. It would limit total annual spending to the average revenue from the previous three years (adjusted for population and inflation), excluding debt payments and borrowing. Congress could temporarily exceed this limit for one year with a two-thirds vote if declaring a specific emergency. The amendment would take effect after ratification by 38 states (three-fourths of states), with a phased reduction in excess spending over nine years. This would directly affect all federal spending decisions made by Congress and the executive branch.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
President
Introduced Feb 7, 2024
Last action Feb 7, 2024
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 7, 2024
Committee
Referred to the House Committee on the Judiciary.
lower
Feb 7, 2024
Introduced
Introduced in House
lower
1 primary · 8 co-sponsors
Sponsors
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