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.

Bill: 117-hjres-74
Sponsor: full_name: Rep. McClintock, Tom [R-CA-4]
Introduced: 2022-03-07
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Constitution and constitutional amendments

Legislative rules and procedure
Latest action: action_date: 2022-11-01
text: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

Summaries:
action_date: 2022-03-07
action_desc: Introduced in House
text: <p>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. </p>

tv_txt: IA 117th CONGRESS 2d Session H. J. RES. 74 IN THE HOUSE OF REPRESENTATIVES March 7, 2022 Mr. McClintock (for himself, Mr. Weber of Texas , Mr. Palazzo , Mr. C. Scott Franklin of Florida , Mr. Hice of Georgia , Mr. Norman , Mr. Duncan , and Mr. Ellzey ) submitted the following joint resolution; which was referred to the Committee on the Judiciary JOINT RESOLUTION 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.

That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification: — 1. The United States Government may not increase its debt except for a specific purpose by law adopted by three-fourths of the membership of each House of Congress. 2. This article shall take effect beginning ten years after its ratification. .