Title: A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.
Author: Sen. Cindy Hyde-Smith (R-MS)

...This joint resolution 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 two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.

The amendment prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product of the United States, unless two-thirds of each chamber of Congress provides for a specific increase above this amount.

The amendment requires a two-thirds vote of each chamber of Congress to impose a new tax, increase the statutory rate of any tax, or increase the aggregate amount of revenue. It requires a three-fifths vote of each chamber to increase the limit on the debt of the United States.

The President must submit an annual budget in which total outlays do not exceed total receipts and 18% of the gross domestic product of the ...

Introduced in Senate 02/03/2021
Read twice and referred to the Committee on the Judiciary. 02/03/2021

Bill Text
(HTML) 02/03/2021 - SJRES 6 (Introduced+in+Senate)
(PDF) 02/03/2021 - SJRES 6 (Introduced+in+Senate)

Add To Favorites

Author Details

    Sen. Cindy Hyde-Smith (R-MS)
    U.S. Senate

    Visit their Website

    Contact Tips

    Capital Address:
    702 Hart Senate Office Building

    Washington, DC 20510
    Phone: (202) 224-5054

    District Address:
    190 East Capitol Street, Suite 550

    Jackson, MS 39201
    Phone: (601) 965-4459
    Fax: (601) 965-4919