A joint resolution proposing an amendment to the Constitution of the United States requiring a balanced budget and establishing the requisite procedures.

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 219 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
S. J. RES. 219

    Proposing an amendment to the Constitution of the United States 
 requiring a balanced budget and establishing the requisite procedures.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           September 30, 2026

 Mrs. Moody introduced the following joint resolution; which was read 
          twice and referred to the Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION

 
    Proposing an amendment to the Constitution of the United States 
 requiring a balanced budget and establishing the requisite procedures.

    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:

                              ``Article--

    ``Section 1.(a) Congress shall adopt a biannual appropriations 
process.
    ``(b) For the first fiscal year beginning after this article takes 
effect, and each fiscal year thereafter, Congress shall pass 
appropriation bills which include an itemization of specific 
appropriations that exceeded $100,000,000 for fiscal year 2027, which 
amount shall be adjusted for inflation for fiscal year 2031, and every 
fourth fiscal year thereafter.
    ``(c) Not later than 72 hours before consideration of any 
appropriation bill by a House of Congress, the full text of the 
appropriation bill shall be furnished to each Member of the applicable 
House of Congress and made available to the public.
    ``(d) Congress shall enact a budget that ensures outlays do not 
exceed receipts taken in by the Government of the United States based 
on the average of the previous 3 years of revenue.
    ``(e)(1) Congress shall create a commission, to be known as the 
`Taxation, Spending, and Budget Reform Commission', which shall meet 
every 10 years, until the debt of the Government of United States is 
not more than 60 percent of the gross domestic product of the United 
States.
    ``(2) If the debt of the Government of the United States exceeds 60 
percent of the gross domestic product of the United States at the time 
of a meeting of the Commission--
            ``(A) not later than 1 year after the date of the meeting, 
        the Commission shall provide recommendations addressing 
        revenue, spending, and budget process reforms; and
            ``(B) the recommendations of the Commission shall be 
        considered on the floor of each House of Congress.
    ``Section 2.(a) Not later than the start of the first fiscal year 
beginning after this article takes effect, Congress shall establish a 
budget stabilization fund. For each fiscal year, there shall be 
deposited in the budget stabilization fund not less than the amount 
equal to 1 percent of the net revenue collections for the prior fiscal 
year.
    ``(b) The amount in the budget stabilization fund--
            ``(1) by the start of the fifth fiscal year beginning after 
        this article takes effect, shall be not less than 5 percent of 
        the net revenue collections for the prior fiscal year; and
            ``(2) by the start of the tenth fiscal year beginning after 
        this article takes effect, shall be not less than 10 percent of 
        the net revenue collections for the prior fiscal year.
    ``(c) Congress shall provide criteria for withdrawing funds from 
the budget stabilization fund--
            ``(1) in separate legislation that addresses only that 
        purpose; and
            ``(2) which shall only include covering revenue shortfalls 
        or providing funding for an emergency, as defined by an Act of 
        Congress.
    ``(d) Congress shall provide for the replenishment of any funds 
withdrawn from the budget stabilization fund by not later than 5 years 
after the date of the withdrawal.
    ``Section 3.(a) The President shall be the Chief Administrative 
Officer of the Government of the United States and be responsible for 
the planning and budgeting for the Government of the United States.
    ``(b) The President shall submit a 2-year budget to Congress that 
provides for a balanced budget along with recommendations to raise 
revenue or decrease spending to ensure outlays do not exceed receipts.
    ``(c) The President shall have the authority to veto specific 
provisions of any appropriation bill passed by Congress, in the event 
that the projected outlays exceed projected revenues.
    ``(d) Congress may override a line-item veto of a specific 
provision of an appropriation bill by the President upon an affirmative 
vote of not less than three-fourths of the Members of each House of 
Congress.
    ``Section 4. Congress shall have the power to enforce this article 
by appropriate legislation.
    ``Section 5. This article shall take effect 2 years after the date 
of ratification.''.
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