Bill Sponsor
Senate Joint Resolution 5
117th Congress(2021-2022)
A joint resolution proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.
Introduced
Introduced
Introduced in Senate on Jan 22, 2021
Overview
Text
Sponsor
Introduced
Jan 22, 2021
Latest Action
Jan 22, 2021
Origin Chamber
Senate
Type
Joint Resolution
Joint Resolution
A form of legislative measure used to propose changes in law, or to propose an amendment to the U.S. Constitution. Depending on the chamber of origin, they begin with a designation of either H.J.Res. or S.J.Res. Concurrent resolutions and simple resolutions are other types of resolutions. Bill is another form of legislative measure used to propose law.
Bill Number
5
Congress
117
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
Sponsorship by Party
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year or 18% of the U.S. gross domestic product unless Congress authorizes the excess by a two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.

The amendment requires a two-thirds vote of each chamber of Congress to levy a new tax, increase the rate of any tax, or increase the debt limit.

The amendment provides any Member of Congress with standing and a cause of action to seek judicial enforcement of this amendment if authorized by a petition signed by one-third of the Members of either house of Congress. Courts are prohibited from ordering any increase in revenue to enforce this amendment.

Text (1)
January 22, 2021
Actions (2)
01/22/2021
Read twice and referred to the Committee on the Judiciary.
01/22/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:27 PM