Mississippi House passes Compact for a Balanced Budget

The House of Representatives passed Senate Bill 2389 to enter Mississippi into the Compact for a Balanced Budget. Gov. Bryant is expected to sign the bill making Mississippi the 3rd state to enter the interstate compact to pass a constitutional amendment requiring the federal government to balance the budget and limit federal borrowing.

Alaska and Georgia are the first two states to enter the compact; 38 states are required to pass the interstate compact and ultimately ratify a proposed amendment. With U.S. House and Senate resolutions, the amendment process is initiated and the states’ governors participate as delegates to a 24-hour Article V convention to propose and ratify the Balanced Budget Amendment.

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