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

House Joint Resolution 55 proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget each year. Under this rule, the government could not spend more money than it receives in taxes and revenue unless three-fifths of both the House and Senate vote to allow a deficit.

For citizens, this measure aims to limit the growth of national debt by requiring the President to submit balanced budgets and requiring a supermajority vote in Congress to raise the debt limit. While the bill includes exceptions for periods of war or serious military threats, its primary impact would be to make it more difficult for the federal government to engage in deficit spending or increase taxes without broad legislative support.