Texas 2023 - 88th 4th C.S.

Texas House Bill HCR5

Caption

Urging the U.S. Congress to propose and submit to the states for ratification a federal balanced budget amendment to the U.S. Constitution.

Impact

If enshrined in the Constitution, this amendment would compel Congress to adhere to a balanced budget, fundamentally altering the way federal spending is conducted. The proposal aims to ensure that government expenditures do not exceed its revenues, potentially leading to more disciplined financial management at the federal level. This could also affect appropriations for various federal programs, dramatically reshaping fiscal policy and priorities.

Summary

HCR5 is a concurrent resolution urging the U.S. Congress to propose and submit to the states for ratification a federal balanced budget amendment to the United States Constitution. The resolution was sponsored by Representative Sparks, highlighting a concern regarding the federal government's continuous cycle of deficit spending. The proponents argue that a balanced budget amendment is vital to enforce fiscal responsibility, citing the ineffectiveness of past statutory restraints like the Gramm-Rudman-Hollings legislation.

Sentiment

The sentiment around HCR5 appears to be supportive among those who prioritize fiscal discipline and view the current federal budgetary practices as unsustainable. Proponents suggest that this amendment will protect future generations from accruing unmanageable debt. However, there may also be contention regarding how such an amendment could restrict Congress’s ability to respond to economic crises or invest in crucial public services.

Contention

Notable points of contention include the debate over the practicality of a federal balanced budget amendment and its potential to limit the federal government's capacity to implement necessary expenditures during economic downturns. Critics of such measures often argue that a strict balanced budget requirement could hinder economic recovery efforts and might lead to cuts in vital services. As it stands, the resolution underscores a broader ideological divide regarding fiscal policy and the role of the federal government in economic management.

Companion Bills

No companion bills found.

Previously Filed As

TX HCR7

Urging the U.S. Congress to propose and submit to the states for ratification a federal balanced budget amendment to the U.S. Constitution.

TX HCR20

Urging the U.S. Congress to propose and submit to the states for ratification a federal balanced budget amendment to the U.S. Constitution.

TX HCR22

Urging Congress to propose and submit to the states for ratification the "Keep Nine" amendment to the U.S. Constitution.

TX SCR17

Urging Congress to propose and submit to the states for ratification the "Keep Nine" amendment to the U.S. Constitution.

TX HJR83

Proposing a constitutional amendment establishing the Texas Redistricting Commission to redistrict the Texas Legislature and Texas congressional districts and revising procedures for redistricting.

TX SJR16

Proposing a constitutional amendment establishing the Texas Redistricting Commission to redistrict the Texas Legislature and Texas congressional districts and revising procedures for redistricting.

TX HJR33

Proposing a constitutional amendment providing for an annual state budget and annual legislative sessions for budget purposes.

TX HCR50

Urging Congress to raise the federal minimum wage to $15 per hour.

TX HJR48

Proposing a constitutional amendment establishing the Texas Redistricting Commission to redistrict the Texas Legislature, Texas congressional districts, and State Board of Education districts and revising procedures for redistricting.

TX HJR35

Rescinding the automatic rescission of certain applications made by the Texas Legislature to the United States Congress to call a national convention under Article V of the United States Constitution for proposing any amendment to that constitution.

Similar Bills

No similar bills found.