A bill proposing a balanced budget amendment to the Constitution of the United States.

This bill proposes a constitutional amendment requiring the federal government to balance its budget each fiscal year, meaning annual spending must not exceed revenue unless Congress votes to override this rule with a three-fifths majority. Key exceptions include during declared wars, military conflicts posing national security threats, or when the economy shows two consecutive quarters of negative growth or unemployment above 7%. The amendment explicitly excludes Social Security, Medicare, and disaster-related spending from the balance calculation, protecting these programs from automatic cuts. It would take effect five years after ratification and require Congress to pass implementing laws to enforce the rule.