Legislative Activity

This bill proposes a constitutional amendment to mandate a balanced federal budget, limiting total government spending and requiring justification for each agency's funding requests. It sets spending caps tied to the GDP, necessitates supermajority votes to raise the debt limit or increase revenue, and empowers Congress to enforce these rules. Exceptions are allowed during declared wars or other national emergencies with congressional approval. The amendment would take effect once the budget is balanced or ten years after ratification.

This bill proposes a constitutional amendment mandating a balanced federal budget, requiring that government spending not exceed income unless a supermajority in Congress approves. It also necessitates a supermajority to increase the national debt and a majority vote to raise revenue. The amendment includes exceptions for declared wars or serious military threats and would take effect five years after ratification, tasking Congress with its enforcement.