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US SJR97
Joint Resolution
AI Summary
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Proposes a constitutional amendment requiring federal expenditures and receipts to be balanced, with balance permitted to occur over more than one year
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Excludes debt payments from expenditures and borrowing proceeds from receipts when calculating balance
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Requires Congress to achieve budget balance within 10 years following ratification of the amendment
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Allows emergency deficit spending for limited times if approved by two-thirds vote in both the House and Senate
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Requires ratification by three-fourths of state legislatures within seven years to become part of the Constitution
Legislative Description
A joint resolution proposing a balanced budget amendment to the Constitution of the United States.
Economics and public finance
Last Action
Read twice and referred to the Committee on the Judiciary.
11/20/2025