Search Results: keywords:"budget amendment"

  • H. J. RES. 3 — Proposing an amendment to the Constitution of the United States relative to balancing the budget.
    Status:Introduced in House
    Words:804

    H. J. RES. 3 proposes an amendment to the U.S. Constitution to help balance the national budget. The resolution requires that government spending does not exceed income and limits spending to 18% of the country's gross domestic product unless approved by a two-thirds majority in Congress. It...

    Simple Explanation

    The bill wants to make a new rule that says the government can't spend more money than it earns and needs special permission to spend extra or raise taxes. This would help keep the country's money balanced, but there are special rules for emergencies like wars.

  • S. 5005 — An Act To authorize additional funding for the San Joaquin River Restoration Settlement Act.
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    Status:Engrossed in Senate
    Words:229

    S. 5005 proposes to increase funding for the San Joaquin River Restoration Settlement Act. It amends Section 10009 by raising the authorized amount from $250 million to $750 million. Additionally, the bill increases funding for improvements to the Friant Division from $50...

    Simple Explanation

    S. 5005 is a plan to give more money to help fix the San Joaquin River, making the money go from $250 million to $750 million. But people are worried because the plan doesn't say exactly why they need so much more money or how they will use it wisely.

  • H. R. 6957 — To require that the President’s annual budget submission to Congress and any concurrent resolution on the budget include the ratio of the public debt to the estimated gross domestic product of the United States, and for other purposes.
    Status:Introduced in House
    Words:404

    The Debt-to-GDP Transparency and Stabilization Act (H.R. 6957) aims to make it a requirement that the President's annual budget submission to Congress, as well as any concurrent budget resolutions, include information on the ratio of public debt to the estimated gross...

    Simple Explanation

    The Debt-to-GDP Transparency and Stabilization Act (H.R. 6957) is a big rule that says the President must tell the people in charge of money how big the country's debt is compared to the size of everything we make, called GDP, every year. This helps them know if the country’s borrowing is too much or just right.