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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 joint resolution proposes a constitutional amendment that would require federal expenditures and receipts to be balanced. The proposed amendment would exclude debt payments from expenditures and borrowing from receipts when calculating whether the budget is balanced, and would require Congress to achieve balance within ten years following ratification. The amendment would allow two-thirds of both the House and Senate to authorize emergency expenditures that exceed the balance requirement for limited periods, with the requirement that debts from such emergency spending be paid as soon as practicable. The proposed amendment would need to be ratified by the legislatures of three-fourths of the states within seven years of its submission to become part of the Constitution.
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)
Money behind the sponsor
Top reported contributors to Nathaniel Moran’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $50,200
- DRAKE $13,200
- LEDWELL & SONS ENTERPRISES, INC. $9,900
- PELTIER AUTO GROUP $9,500
- CITIZENS 1ST BANK $7,100
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Nathaniel Moran → · Outside spending →
Actions (2)
- Jul 23, 2025 Referred to the House Committee on the Judiciary. · house
- Jul 23, 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
July 23, 2025
Mr. Moran 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. Expenditures and receipts shall be balanced, which may occur over more than one year. Expenditures shall include all expenditures of the United States except those for payment of debt, and receipts shall include all receipts of the United States except those derived from borrowing. Congress shall achieve balance within ten years following the ratification of this article. “Section 2. For emergency situations, two-thirds of the House of Representatives and the Senate may for limited times authorize expenditures exceeding those pursuant to rules established under section 1. Debts incurred from such expenditures shall be paid as soon as practicable.”. <all>
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