legislation: 118-hr-9353
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 118-hr-9353 | 118 | hr | 9353 | Proposing a balanced budget amendment to the Constitution of the United States. | Economics and Public Finance | 2024-08-13 | 2024-08-13 | Referred to the House Committee on the Judiciary. | House | Rep. Perez, Marie Gluesenkamp [D-WA-3] | WA | D | G000600 | 2 | This bill proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a three-fifths roll call vote of each chamber.The prohibition excludesoutlays for repayment of debt principal,receipts derived from borrowing,receipts or outlays of the Social Security and Medicare trust funds, andoutlays relating to a natural disaster if the act providing the funds explicitly exempts the funds from the requirement and is agreed to by a majority of each chamber of Congress.The amendment requires the President to annually submit to Congress a budget in which total outlays do not exceed total receipts.The amendment specifies exceptions to the requirements if a declaration of war is in effect, the United States is engaged in military conflict that causes an imminent and serious military threat to national security, economic growth is less than 0%, or the unemployment rate is more than 7%.The amendment prohibits a court from enforcing the requirements by ordering reductions to Social Security or Medicare payments unless the funds available to the trust fund for a program are not sufficient to cover the outlays that would occur during the year if the fund were fully solvent. | 2024-10-08T16:27:30Z |