,,iia  #aac? ,,congress  #a/ ,session   
,s4 ,j4 ,,res4 #bj  ,,9 ,,! ,,s5ate ,,( 
,,! ,,unit$ ,,/ates  ,july #aa1 #bjac   
,mr4 ,udall ( ,colorado 7= himself1 ,mr4
 ,man*91 ,mr4 ,begi*1 ,mrs4 ,mc,caskill1
 ,ms4 ,heitkamp1 & ,mr4 ,te/]7 introduc$
 ! foll[+ jo9t resolution2 :i* 0 read   
twice & 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 by ! ,congress3   --  #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 roll call vote4  #b4 ,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  #c4 ,sections #a & #b ( ?is  
,article %all n apply dur+ any fiscal   
ye> 9 :i* a decl>ation ( w> is 9 effect 
or 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  #d4 ,!     
,congress %all en=ce & implem5t ?is     
article by appropriate legislation1 :i* 
may rely on e/imates ( outlays &        
receipts4  #e4 ,except z provid$ 9 !    
second clause1 total receipts %all      
include all receipts ( ! ,unit$ ,/ates  
,gov]nm5t o!r ?an ^? d]iv$ f borr[+1 &  
total outlays %all include all outlays (
 ! ,unit$ ,/ates ,gov]nm5t o!r ?an ^? = 
repaym5t ( debt pr9cipal4  ,! receipts  
7includ+ attributable int]e/7 & outlays 
( ! ,f$]al ,old-,age & ,survivors       
,insurance ,tru/ ,fund & ! ,f$]al       

,disability ,insurance ,tru/ ,fund1 or  
any fund t is a successor to ei!r su*   
fund1 %all n be consid]$ to be receipts 
or outlays = purposes ( ?is article4    
#f4 ,congress %all n pass any bill t    
provides a net r$uction 9 individual    
income taxes = ^? ) incomes ov]         
#a1jjj1jjj 7z may be adju/$ by ,congress
 to acc\nt = inflation7 if1 aft]        
enactm5t1 total outlays w\ld exce$ total
 receipts 9 any fiscal ye> affect$ by ! 
bill4  #g4 ,no c\rt ( ! ,unit$ ,/ates or
 ( any ,/ate %all en=ce ?is article by  
ord]+ any r$uction 9 ! ,social ,security
 b5efits au?oriz$ by law1 includ+ any   
b5efits provid$ f ! ,f$]al ,old-,age &  
,survivors ,insurance ,tru/ ,fund1 !    
,f$]al ,disability ,insurance ,tru/     
,fund1 or any fund t is a successor to  
ei!r su* fund4  #h4 ,?is article %all   
take effect beg9n+ ) ! fif? fiscal ye>  
beg9n+ aft] its ratification4  4