The purpose of this legislative proposal is to amend the U.S. Constitution to require a balanced budget. This means that the federal government would not be allowed to spend more money than it collects in revenue during a fiscal year, unless there is a significant majority in Congress that approves a specific exception. Key provisions of this proposal include several important rules. First, total government spending for any given year cannot exceed the total revenue collected unless three-fifths of both the House of Representatives and the Senate vote in favor of exceeding that limit.