amendment to the Constitution passed the House with bipartisan support, but failed to pass by one vote in the United States Senate. (8) Five States, Georgia, Alaska, Mississippi, North Dakota, and Arizona, have agreed to the Compact for a Balanced Budget, which seeks to amend the Constitution to require a balanced budget through an Article V convention by April 12, 2021. (b) Policy on a balanced budget constitutional amendment It is the policy of this concurrent resolution that the House should propose a balanced budget constitutional amendment for ratification by the States. 502. Policy statement on budget process reform It is the policy of this concurrent resolution that the House should enact legislation that reforms the congressional budget process to— (1) reassert congressional control over the budget process by reorienting the Views and Estimates that committees submit to the Committee on the Budget, as required under 301(d) of the Congressional Budget Act of 1974, to emphasize congressional rather than executive branch priorities