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.
In committeeIntroducedJan 3, 2025
Policy areaEconomics and Public Finance
Cosponsors3
What this bill is intended to do
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
Jan 3, 2025Referred to the House Committee on the Judiciary.
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