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.

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.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 74 Introduced in House (IH)]

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117th CONGRESS
  2d Session
H. J. RES. 74

    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.


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                    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

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                            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.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled   (two-thirds of each House 
concurring therein), 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:

                              ``Article--

    ``Section 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.
    ``Section 2. This article shall take effect beginning ten years 
after its ratification.''.
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