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

Proposes an amendment to the U.S. Constitution and sets the terms for its ratification: it becomes effective if ratified by the legislatures of three‑fourths of the States. Ratification must occur within seven years after Congress submits the amendment for ratification. The actual text of the proposed constitutional amendment is not included in the material provided, so the substance of the change is unspecified.