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MS SC524
Concurrent Resolution
AI Summary
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Urges Congress to propose a constitutional amendment requiring approval from a majority of state legislatures before any increase in the federal debt
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Cites the 2021 federal budget deficit of $2.77 trillion as the second highest on record as justification for the resolution
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Expresses concern that deficit spending creates financial obligations for future generations without their consent
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Criticizes Congress for abandoning regular budgeting processes and relying on reconciliation instead of full debate
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Directs the Secretary of State to transmit copies to the U.S. Senate President, House Speaker, and Mississippi's congressional delegation
Legislative Description
Resolution; urge Congress to propose and submit to states for ratification an amendment relating to the federal debt limit.
Last Action
Died In Committee
4/5/2022