MT SJ4

Montana applies to Congress under Article V of the U.S. Constitution for a convention of states limited solely to proposing a balanced budget amendment

Proposed amendment would prohibit total federal outlays from exceeding total estimated federal revenues in any fiscal year, except during a national emergency

Resolution cites current U.S. debt exceeding $36 trillion, annual interest payments over $1 trillion, and annual deficits exceeding $2 trillion

Application remains active until at least two-thirds of state legislatures (34 states) submit applications on the same subject

Secretary of State must transmit copies to Congress, Montana's congressional delegation, and presiding officers of all other state legislatures