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Proposed US Public Debt Limit Amendment to the Constitution

This proposed amendment to the U.S. Constitution aims to establish a permanent limit on government debt. This means future public spending will need to stay within strict boundaries, potentially affecting the availability of public services and tax levels in the long run. The goal is to ensure the stability of national finances.
Key points
Introduction of a public debt limit at 130% of GDP, gradually decreasing to 120% of GDP.
Exceeding the debt limit will require a three-fifths vote in both Houses of Congress.
The President will be required to submit a budget consistent with the new debt limits.
Possibility to waive the debt limit in case of war or serious national security threat.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_37
Sponsor: Rep. Yakym, Rudy [R-IN-2]
Process start date: 2025-01-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Proposing a Federal debt limit amendment to the Constitution of the United States.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_37.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-03.

What are the main provisions?

Key points include:

  • Introduction of a public debt limit at 130% of GDP, gradually decreasing to 120% of GDP.
  • Exceeding the debt limit will require a three-fifths vote in both Houses of Congress.
  • The President will be required to submit a budget consistent with the new debt limits.
  • Possibility to waive the debt limit in case of war or serious national security threat.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Yakym, Rudy [R-IN-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Public Investments