Senate passes balanced budget amendment for U.S. Constitution

The Mississippi Senate passed Bill 2389 which, if also approved by the House and signed by the Governor, will enjoin Mississippi in the Compact for a Balanced Budget, an interstate effort to amend the U.S. Constitution to require a federal balanced budget, reduce federal borrowing, and seek state approval before increasing the debt limit. Alaska and Georgia entered the compact in April 2014 and at least 38 states are required.

With three-fourths of state agreeing to the compact, the U.S. House and Senate can pass resolutions without presidential signature to initiate the amendment process. Having the wording agreed upon up front, a 24-hour Article V convention would convene in which each governor, acting as their state’s delegate, would vote “yes” to ratify the Balanced Budget Amendment.

The U.S. Constitution, Article V provides that an amendment may be proposed either by the Congress with a two-thirds majority vote in both the U.S. House of Representatives and the U.S. Senate or by a constitutional convention called for by two-thirds of the State legislatures. However, three-fourths (or 38) states are required to ratify an amendment.

Sen. Joey Fillingane of Sumrall introduced the bill.

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