,,ia  #aac? ,,congress  #a/ ,session    
,h4 ,j4 ,,res4 #di  ,,9 ,,! ,,h\se ,,(  
,,repres5tatives  ,june #ad1 #bjac ,mr4 
,smi? ( ,miss\ri introduc$ ! foll[+ jo9t
 resolution2 :i* 0 ref]r$ to !          
,committee on ! ,judici>y  ,,jo9t       
,,resolution  ,propos+ a balanc$ budget 
am5dm5t to ! ,con/itution ( ! ,unit$    
,/ates4  ,t ! foll[+ article is propos$ 
z an am5dm5t to ! ,con/itution ( !      
,unit$ ,/ates1 :i* %all be valid to all 
int5ts & purposes z "p ( ! ,con/itution 
:5 ratifi$ by ! legislatures (          
?ree-f\r?s ( ! sev]al ,/ates )9 sev5    
ye>s aft] ! date ( its submission =     
ratification3   --  #a4 ,total outlays =
 any fiscal ye> %all n exce$ total      
receipts = t fiscal ye>1 unless         
?ree-fif?s ( ! :ole numb] ( ea* ,h\se ( 
,congress %all provide by law = a       
specific excess ( outlays ov] receipts  
by a rollcall vote4  #b4 ,total outlays 
= any fiscal ye> %all n exce$ "o-fif? ( 
economic output ( ! ,unit$ ,/ates1      
unless two-?irds ( ea* ,h\se ( ,congress

 %all provide = a specific increase (   
outlays above ?is am\nt4  #c4 ,! limit  
on ! debt ( ! ,unit$ ,/ates held by !   
public %all n be increas$ unless        
?ree-fif?s ( ! :ole numb] ( ea* ,h\se   
%all provide by law = su* an increase by
 a rollcall vote4  #d4 ,prior to ea*    
fiscal ye>1 ! ,presid5t %all transmit to
 ! ,congress a propos$ budget = ! ,unit$
 ,/ates ,gov]nm5t = t fiscal ye> 9 :i*  
total outlays d n exce$ total receipts4 
#e4 ,a bill to increase rev5ue %all n   
become law unless ?ree-fif?s ( ! :ole   
numb] ( ea* ,h\se %all provide by law = 
su* an increase by a rollcall vote4  #f4
 ,! ,congress may waive ! provisions (  
?is article = any fiscal ye> 9 :i* a    
decl>ation ( w> is 9 effect4 ,!         
provisions ( ?is article may be waiv$ = 
any fiscal ye> 9 :i* ! ,unit$ ,/ates is 
engag$ 9 milit>y conflict :i* causes an 
imm95t & s]i\s milit>y ?reat to national
 security & is s decl>$ by a jo9t       
resolution1 adopt$ by a majority ( !    
:ole numb] ( ea* ,h\se1 :i* becomes law4

 ,any su* waiv] mu/ id5tify & be limit$ 
to ! specific excess or increase = t    
fiscal ye> made necess>y by ! id5tifi$  
milit>y conflict4  #g4 ,! ,congress %all
 en=ce & implem5t ?is article by        
appropriate legislation1 :i* may rely on
 e/imates ( outlays & receipts4  #h4    
,total receipts %all include all        
receipts ( ! ,unit$ ,/ates ,gov]nm5t    
except ^? d]iv$ f borr[+4 ,total outlays
 %all include all outlays ( ! ,unit$    
,/ates ,gov]nm5t except = ^? = repaym5t 
( debt pr9cipal4  #i4 ,?is article %all 
take effect beg9n+ ) ! fif? fiscal ye>  
beg9n+ aft] its ratification4  4