A joint resolution proposing an amendment to the Constitution of the United States to clarify the authority of Congress and the States to regulate corporations, limited liability companies, and other corporate entities established by the laws of any State, the United States, or any foreign state.

Bill 118 SJRes 3 is a joint resolution that aims to propose an amendment to the Constitution of the United States. The main goal of this amendment is to clarify the authority of both Congress and the States in regulating corporations, limited liability companies, and other corporate entities that are established by the laws of any State, the United States, or any foreign state.

The resolution seeks to address any ambiguity or confusion surrounding the powers of Congress and the States when it comes to regulating these corporate entities. By clearly defining the authority of both levels of government, the resolution aims to ensure that there is a clear and consistent framework for regulating corporations and other corporate entities across the country.

Overall, Bill 118 SJRes 3 is focused on ensuring that there is a clear and effective system in place for regulating corporations and other corporate entities, and that both Congress and the States have the necessary authority to do so.