A joint resolution proposing a balanced budget amendment to the Constitution of the United States.

This bill proposes a constitutional amendment requiring the federal government to balance its budget within ten years of ratification, meaning total spending (excluding debt payments) must equal total revenue (excluding borrowing). It allows temporary budget deficits during emergencies with a two-thirds vote in both chambers of Congress, but mandates prompt repayment of any resulting debt. If ratified, this would fundamentally change federal budgeting rules, affecting all future government spending and revenue decisions. The amendment applies broadly to the federal government, not specific groups or programs.