Last progress January 3, 2025 (11 months ago)
Introduced on January 3, 2025 by Andrew S. Biggs
Referred to the House Committee on the Judiciary.
This proposal would amend the Constitution to require the federal government to balance its budget each year, meaning total spending cannot be more than total income. It would also forbid raising the federal debt limit. In addition, any bill that increases federal revenue (for example, through higher taxes or new fees) would need approval by two-thirds of both the House and the Senate with a roll call vote .