Bill · H.J.Res. 10· House(119-HJRES-10)

Proposing a balanced budget amendment to the Constitution of the United States.

Age: 47 years

Iowa

Introduced: 1/3/2025
Last activity: 1/3/2025 — Referred to the House Committee on the Judiciary.
Sponsored by: Zachary Nunn
Cosponsors: - 15 - 0

Economics and Public Finance

Introduced
In Committee

What this bill would do

This joint resolution proposes a balanced budget amendment to the Constitution of the United States. It requires that total outlays not exceed total receipts for any fiscal year unless a specific excess is approved by a three-fifths vote in each House. The amendment also limits the increase of the public debt unless approved by a three-fifths rollcall vote. The President is tasked with submitting a proposed budget where outlays do not exceed receipts. Certain provisions regarding war and military conflict may be waived under specific circumstances.

Yes· 3 of 4

Does this make the government pay for what it commits to?+8
The bill enforces a balanced budget requirement and stricter controls on debt and revenue increases.
Does this reduce what the federal government spends?+7
The amendment mandates that total outlays cannot exceed total receipts without a three-fifths majority vote.
Does this reduce what the federal government owes?+6
The bill requires a three-fifths vote to increase the debt limit, which acts as a constraint on debt expansion.

The opposite· 3 of 6

Would households on low incomes be better off under this?-4
Spending constraints may limit the funding of programs that primarily benefit low-income households.
Would union members be better off under this?-3
Reduced government spending may decrease public sector employment and investment in labor-related programs.
Is this likely to lift people out of poverty?-3
The strict spending limits may reduce the availability of social safety net funding.