Arizona Senate Bill SCR1014

Arizona 2023 Regular Session

• Introduced: 1/26/23

Caption

Article V; fiscal responsibility

Impact

The resolution argues that continued federal fiscal irresponsibility has led to dire consequences, including skyrocketing inflation, reduced economic growth, and lowered living standards for Americans. By applying for a convention, the bill seeks to encourage states to unite in addressing these economic challenges, particularly emphasizing the threats posed to Social Security and Medicare, national security, and overall economic stability. If successful, the proposed amendment could reshape federal financial governance and influence future budgeting practices.

Summary

SCR1014, introduced by Senator Kern in the Arizona Senate, is a concurrent resolution that aims to apply to the United States Congress for a convention under Article V of the Constitution. The purpose of this convention is to propose a federal fiscal responsibility amendment aimed at combating inflation. The bill highlights the increasing inflation rates, which were reported at over 9.1% as of July 2022, marking a significant economic concern and underscoring the need for fiscal reforms at the federal level.

Contention

Throughout its discussions, SCR1014 has raised notable points of contention regarding the balance of power between state and federal authority. Critics might express concerns over the implications of convening a national convention, fearing potential unintended consequences or shifts in power dynamics. Moreover, the bill's emphasis on a constitutional amendment as a remedy for inflation may also prompt debates about alternative legislative measures that could be deployed without altering the Constitution, positioning this resolution within a broader discourse on fiscal policy reform.