Proposing an amendment to the Constitution of the United States related to the public debt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.J. Res. 112 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. J. RES. 112 Proposing an amendment to the Constitution of the United States related to the public debt. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 15, 2025 Mr. Burlison submitted the following joint resolution; which was referred to the Committee on the Judiciary _______________________________________________________________________ JOINT RESOLUTION Proposing an amendment to the Constitution of the United States related to the public debt. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification: ``Article-- ``Section 1. Total outlays of the Government of the United States shall not exceed total receipts of the Government of the United States at any point in time unless the excess of outlays over receipts is financed exclusively by debt issued in strict conformity with this article. ``Section 2. Outstanding debt shall not exceed authorized debt, which initially shall be an amount equal to 105 percent of the outstanding debt on the effective date of this article. Authorized debt shall not be increased above its aforesaid initial amount unless such increase is first approved by the legislatures of the several States as provided in section 3. ``Section 3. From time to time, Congress may increase authorized debt to an amount in excess of its initial amount set by section 2 only if it first publicly refers to the legislatures of the several St