Proposing an amendment to the Constitution of the United States prohibiting the United States Government from increasing its debt except for a specific purpose by law adopted by three-fourths of the membership of each House of Congress.
Key claim: A proposed constitutional amendment would prohibit increases in the federal debt unless authorized for a specific purpose by a three-fourths supermajority vote of both chambers of Congress.
Abstract
(HJRES74 · 117th Congress) This joint resolution proposes a constitutional amendment that prohibits the U.S. government from increasing its debt except for a specific purpose by a law adopted by three-fourths of the membership of each chamber of Congress. Latest action (2022-11-01): Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Why this matters
A proposed constitutional amendment would prohibit increases in the federal debt unless authorized for a specific purpose by a three-fourths supermajority vote of both chambers of Congress.