Proposing a balanced budget amendment to the Constitution of the United States.

Plain-English summary

This joint resolution proposes a constitutional amendment that prohibits total outlays for any fiscal year from exceeding total receipts for that fiscal year. The amendment also prohibits (1) increases to the federal debt limit, and (2) a bill that increases revenue from becoming law unless the bill has been approved by two-thirds of each chamber of Congress with a roll call vote.

Deterministically condensed from the official CRS summary; verify details in the official record.