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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.
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Status:
Introduced
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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 9
Sponsor: Rep. McClintock, Tom [R-CA-5]
Process start date: 2025-01-03