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Proposed Constitutional Amendment: Limiting Government Debt Increases

This proposed constitutional amendment aims to restrict the U.S. government's ability to increase its debt. Any debt increase would require a specific purpose and approval by three-fourths of the members of both houses of Congress. Citizens might see this impact future public spending and the nation's financial stability.
Key points
The U.S. Government could not increase its debt without specific Congressional approval.
Approval for debt increases would require a three-fourths vote from both the House and Senate.
This amendment would take effect ten years after its ratification by the states.
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Additional Information
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.
Print number: HJRES 74
Sponsor: Rep. McClintock, Tom [R-CA-4]
Process start date: 2022-03-07