Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

HJRES 75 proposes a constitutional amendment requiring the federal government to balance its annual budget by ensuring total spending does not exceed total revenue or 18% of the previous year's GDP. It would mandate that Congress approve new taxes or tax increases with a two-thirds vote and require the same supermajority to raise the national debt limit. The amendment allows temporary exceptions for specific budget shortfalls with a two-thirds vote in both chambers, but otherwise enforces strict fiscal limits. It directly affects federal budget decisions made by Congress and the executive branch, with enforcement mechanisms allowing members of Congress to seek judicial action if the rules are violated. The amendment would take effect ten years after ratification by three-fourths of state legislatures.