Calling an Article V Convention for proposing a Fiscal Responsibility Amendment to the United States Constitution and stipulating ratification by a vote of We the People, and for other purposes.

Bill 118 H.Con.Res. 24, also known as the Fiscal Responsibility Amendment, is a proposed legislation that calls for an Article V Convention to propose an amendment to the United States Constitution. The main goal of this amendment is to ensure fiscal responsibility within the government by imposing limits on federal spending and requiring a balanced budget.

The bill stipulates that the proposed amendment must be ratified by a vote of "We the People," meaning that it would require approval from the general public in addition to the traditional ratification process by state legislatures. This unique requirement aims to ensure that the amendment truly reflects the will of the American people.

In addition to the fiscal responsibility aspect, the bill also includes provisions for other purposes, although specific details are not provided in the summary. It is likely that these additional provisions are related to government accountability, transparency, and efficiency. Overall, Bill 118 H.Con.Res. 24 represents a significant effort to address the issue of fiscal responsibility within the government and to involve the American people in the process of amending the Constitution. If passed, this legislation could have far-reaching implications for the future of federal spending and budgeting practices.