Bill > SJRes2

This joint resolution proposes three separate constitutional amendments. The first amendment establishes a line item veto power for the President, allowing them to reduce or disapprove specific appropriations (spending allocations) in bills or joint resolutions. If the President uses this power, they must return the specific portion of the bill they object to along with a statement of their objections within 10 days, and Congress can then separately consider the reduced or disapproved appropriation. The second amendment sets term limits for members of Congress, restricting Representatives to six terms and Senators to two terms, with specific rules about how partial terms filling vacancies count toward these limits. The third amendment requires any legislation imposing new taxes or fees to be passed with a two-thirds majority vote in each chamber of Congress, and stipulates that such tax or fee legislation must be standalone bills without other subjects, covering not just new taxes but also increases in existing taxes, rate changes, or elimination of tax exemptions or credits. These proposed amendments would fundamentally change congressional operations and presidential budgetary powers if ratified by three-fourths of state legislatures within seven years.

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https://www.congress.gov/bill/119th-congress/senate-joint-resolution/2/all-info