The main purpose of this legislative proposal is to introduce a balanced budget amendment to the U.S. Constitution. The objective is to ensure that the federal government does not spend more money than it receives in revenue during any fiscal year, promoting fiscal responsibility and stability. Key provisions of this amendment include several important requirements. First, it states that total government spending, or outlays, must not exceed total revenue for that year unless two-thirds of both the House of Representatives and the Senate agree to allow for a specific excess.