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.

This joint resolution proposes an amendment to the United States Constitution, aiming to significantly restrict the federal government's ability to increase its debt. The core provision establishes a general prohibition against any increase in the national debt. However, an exception allows for debt increases if they serve a specific purpose and are approved by a three-fourths majority of the membership in both the House of Representatives and the Senate. This stringent requirement aims to ensure broad consensus for any future debt expansion. If ratified by three-fourths of the states, this amendment would take effect ten years after its ratification date.