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

IA 118TH CONGRESS 1ST SESSION H. J. RES. 12 Proposing a balanced budget amendment to the Constitution of the United States. IN THE HOUSE OF REPRESENTATIVES JANUARY 9, 2023 Mr. NUNN of Iowa submitted the following joint resolution; which was referred to the Committee on the Judiciary JOINT RESOLUTION Proposing a balanced budget amendment to the Constitution of the United States. Resolved by the Senate and House of Representatives 1 of the United States of America in Congress assembled 2 (two-thirds of each House concurring therein), That the fol- 3 lowing article is proposed as an amendment to the Con- 4 stitution of the United States, which shall be valid to all 5 intents and purposes as part of the Constitution when 6 ratified by the legislatures of three-fourths of the several 7 States within seven years after the date of its submission 8 for ratification: 9 VerDate Sep 11 2014 03:00 Feb 18, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\HJ12.IH HJ12 pbinns on DSKJLVW7X2PROD with $$_JOB 2 •HJ 12 IH ‘‘ARTICLE — 1 ‘‘SECTION 1. Total outlays for any fiscal year shall 2 not exceed total receipts for that fiscal year, unless three- 3 fifths of the whole number of each House of Congress shall 4 provide by law for a specific excess of outlays over receipts 5 by a rollcall vote. 6 ‘‘SECTION 2. The limit on the debt of the United 7 States held by the public shall not be increased, unless 8 three-fifths of the whole number of each House shall pro- 9 vide by law for such an increase by a rollcall vote. 10 ‘‘SECTION 3. Prior to each fiscal year, the President 11 shall transmit to the Congress a proposed budget for the 12 United States Government for that fiscal year in which 13 total outlays do not exceed total receipts. 14 ‘‘SECTION 4. No bill to increase revenue shall become 15 law unless approved by a majority of the whole number 16 of each House by a rollcall vote. 17 ‘‘SECTION 5. The Congress may waive the provisions 18 of this article for any fiscal year in which a declaration 19 of war is in effect. The provisions of this article may be 20 waived for any fiscal year in which the United States is 21 engaged in military conflict which causes an imminent and 22 serious military threat to national security and is so de- 23 clared by a joint resolution, adopted by a majority of the 24 whole number of each House, which becomes law. Any 25 VerDate Sep 11 2014 03:00 Feb 18, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\HJ12.IH HJ12 pbinns on DSKJLVW7X2PROD with $$_JOB 3 •HJ 12 IH such waiver must identify and be limited to the specific 1 excess or increase for that fiscal year made necessary by 2 the identified military conflict. 3 ‘‘SECTION 6. The Congress shall enforce and imple- 4 ment this article by appropriate legislation, which may rely 5 on estimates of outlays and receipts. 6 ‘‘SECTION 7. Total receipts shall include all receipts 7 of the United States Government except those derived 8 from borrowing. Total outlays shall include all outlays of 9 the United States Government except for those for repay- 10 ment of debt principal. 11 ‘‘SECTION 8. This article shall take effect beginning 12 with the fifth fiscal year beginning after its ratification.’’. 13 Æ VerDate Sep 11 2014 03:00 Feb 18, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\HJ12.IH HJ12 pbinns on DSKJLVW7X2PROD with $$_JOB