Proposing an amendment to the Constitution of the United States related to the public debt.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Aug 15, 2025
What it does
This joint resolution proposes a constitutional amendment to impose strict limits on federal spending and debt. It would require that total government outlays not exceed receipts unless financed by debt within a legally authorized limit, initially set at 105% of the debt outstanding when the amendment takes effect. The amendment would also require state legislative approval for any increase in the authorized debt limit, mandate presidential impoundment of spending when debt nears the limit, and impose a two-thirds supermajority vote in Congress for new or increased general revenue taxes, with specific definitions and enforcement mechanisms provided.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.