There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/13/2011)

Constitutional Amendment - Requires Congress, by law, to establish a statutory limit on the public debt.

States that, if such a limit is in effect upon the adoption of this amendment, that limit shall be the limit for purposes of this resolution.

Requires the statutory limit on the public debt to be increased only by the passage of legislation upon the affirmative vote of two-thirds of the Members of each chamber.