Mandates a balanced federal budget and gives the President new veto power.
This proposed constitutional amendment would require the federal government to balance its budget each fiscal year. It would also give the President new power to veto specific spending items and create a fund to help during tough economic times. This aims to change how the government manages its money and debt.
Currently, the U.S. Constitution does not require the federal government to balance its budget, and the President does not have the power to veto specific parts of spending bills. If this bill passes and is ratified, the government would be constitutionally required to balance its budget each fiscal year, and the President would gain a new line-item veto power, subject to a three-fourths congressional override. These changes would take effect 2 years after ratification.
SJRES 219 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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