HR 37
Proposing a Federal debt limit amendment to the Constitution of the United States.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:58 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill proposes a constitutional amendment to limit the total national debt of the United States. It would initially cap the debt at 130% of the country’s Gross Domestic Product, gradually reducing that limit to 120% over time. Congress could temporarily exceed this limit for specific reasons, such as during a declared war or military conflict, but would need to justify these waivers. The President would be required to submit a multi-year budget to Congress, and the amendment would take effect three fiscal years after ratification.
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