MS
Mississippi Senate Bill SC533

Mississippi 2022 Regular Session

Mississippi Senate Bill SC533

Introduced
1/25/22  
Refer
1/25/22  

Caption

Resolution; urge Congress to propose and submit to states for ratification an amendment providing for a balanced budget.

Impact

This bill, if endorsed, would impact federal budgeting laws by establishing a constitutional framework that mandates a balanced budget approach. If passed, it would require Congress to reevaluate its budgeting processes, potentially leading to more disciplined fiscal management. Advocates of the bill argue that this kind of fiscal constraint is essential to reduce the national debt burden and prevent future generations from shouldering excessive governmental liabilities. They contend that a balanced budget requirement would instill greater accountability in federal spending decisions.

Summary

Senate Concurrent Resolution 533 urges Congress to propose an amendment to the United States Constitution that would require a balanced budget, particularly emphasizing that federal spending must not exceed federal revenue. The bill highlights the ongoing federal deficits that have characterized government budgeting since the late 20th century, noting that these deficits pose a significant risk to the nation's fiscal health and future economic stability. Urging a return to fiscal responsibility, the bill underscores the necessity of maintaining a balanced budget except in times of declared war or national emergency.

Contention

Despite the support for this resolution, there are notable points of contention regarding its implications. Critics may argue that such a requirement could severely limit the federal government's ability to respond effectively to economic crises, natural disasters, or other emergencies that necessitate flexible spending. The bill's opponents often express concerns that a rigid balanced budget amendment could hinder public investment in critical areas such as infrastructure, education, and social services, ultimately impacting economic growth and social welfare.

Companion Bills

No companion bills found.

Previously Filed As

MS HCR18

Urging Congress to propose and submit to the states an amendment to the United States Constitution providing for a federal balanced budget.

MS SC524

Resolution; urge Congress to propose and submit to states for ratification an amendment relating to the federal debt limit.

MS HCR61

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

MS HCR10

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

MS HCR13

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

MS SJR1

Urging the Congress of the United States to propose and submit to the states for ratification a federal balanced budget amendment to the Constitution of the United States and, in the event that Congress does not submit such an amendment on or before December 31, 2011, applying to Congress to call a convention for the specific and exclusive purpose of proposing an amendment to that constitution to provide, in the absence of a national emergency and on a two-thirds vote of Congress, for a federal balanced budget and requesting that the legislatures of each of the several states that compose the United States apply to Congress to call a convention to propose such an amendment.

MS 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.

MS 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.

MS HCR5

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

MS HCR8

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

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