Proposed amendment would require 75% vote in Congress to raise debt

What does this do?

This bill proposes a constitutional amendment requiring three-fourths of all members in both the House and Senate to approve any increase in the national debt, and only for a specific named purpose. This replaces the current simple-majority process. If passed and ratified, the amendment would not take effect until ten years after ratification.

Who does it affect?

This would affect essentially everyone in the country, since it governs how the federal government funds programs like Social Security, Medicare, defense, infrastructure, and emergency response.

Why does it matter?

Requiring a much larger supermajority could make it harder to borrow quickly during emergencies, recessions, or wars, while proponents say it would impose more fiscal discipline. The proposal is only introduced in the House and has not passed or been sent to the states.

Where does it stand?