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US Government Debt Limit: 3/4 Congressional Approval Required

A proposed constitutional amendment aims to restrict the US government's ability to increase its debt. In the future, any increase in debt would require approval from three-fourths of the members of each House of Congress. This seeks to ensure greater control over public finances, potentially impacting economic stability and future tax burdens on citizens.
Key points
The US Government may only increase its debt for a specific purpose with 3/4 approval from Congress.
This change will take effect 10 years after its ratification by the states.
It aims to increase accountability for public spending and potentially limit future financial burdens on citizens.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_9
Sponsor: Rep. McClintock, Tom [R-CA-5]
Process start date: 2025-01-03