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.

Plain-English summary

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.

Deterministically condensed from the official CRS summary; verify details in the official record.