The Missouri state Senate on Monday passed Senate Bill 433, known as a the Compact for a Balanced Budget bill. The bill introduced by Greene County, Missouri state Senator Bob Dixon (R) outlines the state’s membership in the Compact for a Balanced Budget along with calling for an Article V Convention to pass a federal Balanced Budget Amendment. The Senate approved the bill by a vote of 27 to 6.
Language in the bill would allow Missouri to appoint one individual to the Compact Commission before all spots are filled. Members of the Compact Commission would be appointed by the Governor and subject to confirmation by the Missouri Senate. Each state would be allowed to appoint three individuals to an Article V Convention.
The States of North Dakota, Mississippi, Alaska, and Georgia have already enacted legislation this year adopting the Compact for a Balanced Budget. Lawmakers in Ohio, Michigan, Florida, Alabama, Texas, and North Carolina are also considering similar legislation.
The bill now advances to the Missouri House of Representatives for consideration. Republicans control the lower chamber by a 117 to 45 margin.
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“Missouri is only one step away from joining the Compact for a Balanced Budget–a solemn contract among the states to advance, propose and ratify a powerful federal Balanced Budget Amendment. With Alaska, Georgia , Mississippi and North Dakota already adopting the Compact, and 16 congressmen from 13 states advancing the congressional resolution needed to activate. it, we could have a fully ratified federal Balanced Budget Amendment in place by the summer of 2017 or sooner.”
Policy Advisor and Research Fellow
The Heartland Institute
“I congratulate Missouri for adding to the growing ranks of Americans calling for fundamental fiscal reform of our Constitution. This is truly a measure to limit our runaway Big Government.”
Senior Fellow for Entitlement and Budget Policy
The Heartland Institute
Mr. Ferrara is the author of America’s Ticking Bankruptcy Bomb (2011)
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