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Proposing a balanced budget amendment to the Constitution of the United States.
Proposing a balanced budget amendment to the Constitution of the United States.
Summary
This bill proposes a constitutional amendment requiring the federal government to balance its budget each fiscal year by limiting total spending to total revenues, unless three-fifths of Congress votes to allow a specific deficit. Any increase to the federal debt limit would also require a three-fifths majority vote. The President would be required to submit budgets in which spending does not exceed revenues, and any bill to increase revenue would need a majority vote to pass. The amendment allows Congress to waive these requirements during declared wars or military conflicts that pose an imminent threat to national security. The amendment would take effect five fiscal years after ratification by three-fourths of the states.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
15 cosponsors
- Rep. Allen, Rick W. [R-GA-12] (R-GA)
- Rep. Bacon, Don [R-NE-2] (R-NE)
- Rep. Calvert, Ken [R-CA-41] (R-CA)
- Rep. Edwards, Chuck [R-NC-11] (R-NC)
- Rep. Estes, Ron [R-KS-4] (R-KS)
- Rep. Fischbach, Michelle [R-MN-7] (R-MN)
- Rep. Grothman, Glenn [R-WI-6] (R-WI)
- Rep. Guthrie, Brett [R-KY-2] (R-KY)
- Rep. Hill, J. French [R-AR-2] (R-AR)
- Rep. Houchin, Erin [R-IN-9] (R-IN)
- Rep. Latta, Robert E. [R-OH-5] (R-OH)
- Rep. Mann, Tracey [R-KS-1] (R-KS)
- Rep. Schmidt, Derek [R-KS-2] (R-KS)
- Rep. Wied, Tony [R-WI-8] (R-WI)
- Rep. Zinke, Ryan K. [R-MT-1] (R-MT)
Money behind the sponsor
Top reported contributors to Zachary Nunn’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $397,838
- MARQUIS MANAGEMENT INC. $16,550
- BRODIE GENERATIONAL CAPITAL PARTNERS $16,500
- STARKEY HEARING TECHNOLOGIES $13,200
- APOLLO GLOBAL MGMT $13,000
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Zachary Nunn → · Outside spending →
Actions (2)
- Jan 3, 2025 Referred to the House Committee on the Judiciary. · house
- Jan 3, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Nunn of Iowa (for himself, Mr. Allen, Mr. Latta, Mr. Zinke, Mr. Hill of Arkansas, Mr. Estes, Mrs. Houchin, Mr. Grothman, Mr. Mann, Mr. Calvert, and Mr. Bacon) submitted the following joint resolution; which was referred to the Committee on the Judiciary
JOINT RESOLUTION
Proposing a balanced budget amendment to the Constitution of the United States.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:
“Article—
“Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote. “Section 2. The limit on the debt of the United States held by the public shall not be increased, unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote. “Section 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts. “Section 4. No bill to increase revenue shall become law unless approved by a majority of the whole number of each House by a rollcall vote. “Section 5. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law. Any such waiver must identify and be limited to the specific excess or increase for that fiscal year made necessary by the identified military conflict. “Section 6. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts. “Section 7. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal. “Section 8. This article shall take effect beginning with the fifth fiscal year beginning after its ratification.”. <all>
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