Montana House Bill HJ13

Montana 2023 Regular Session

• Introduced: 2/24/23
• Refer: 2/24/23

Caption

Resolution for Article V Convention for a balanced budget amendment

Impact

If successful, the amendment resulting from HJ13 would fundamentally change how the federal government approaches budgeting and spending. This could significantly impact federal legislation and appropriations, ensuring that federal expenditures do not exceed revenues, except in cases of national emergencies. The imposition of a balanced budget requirement could lead to structural changes in how federal agencies operate and prioritize their programs and expenditures, likely resulting in tougher fiscal constraints going forward.

Summary

House Joint Resolution 13 (HJ13) proposes an application by the state of Montana for a Convention of States under Article V of the U.S. Constitution. The resolution aims to propose an amendment that would require a balanced federal budget. It emphasizes the belief that such an amendment is necessary to safeguard the financial well-being of the American populace and to mitigate potential fiscal irresponsibility at the federal level. By pursuing this amendment, the legislature asserts its commitment to fiscal accountability and sound economic policies.

Contention

The discussions surrounding HJ13 revealed notable divisions among lawmakers, particularly regarding the efficacy and implications of such an amendment. Proponents argue that a balanced budget would enforce greater fiscal discipline among federal lawmakers and help avoid excessive national debt. Conversely, opponents express concerns that such a hard-fiscal rule could hinder the federal government's ability to respond effectively to economic crises and emergencies, potentially stifling federal investment in essential public sectors. The failed motion to pass the resolution illustrates these contentious debates, highlighting the differing perspectives within the legislature about the path forward on federal fiscal policy.