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Here's its summary:
Article V of the U.S. Constitution provides two ways of amending the nation’s fundamental charter. Congress, by a two-thirds vote of both houses, may propose amendments to the states for ratification, a procedure used for all 27 current amendments. Alternatively, if the legislatures of two-thirds of the states apply, 34 at present, Congress “shall call a Convention for proposing Amendments.... ” This alternative, known as an Article V Convention, has yet to be implemented. This report examines the Article V Convention, focusing on contemporary issues for Congress. CRS Report R42592, The Article V Convention for Proposing Constitutional Amendments: Historical Perspectives for Congress examines the procedure’s constitutional origins and history and provides an analysis of related state procedures.
Significant developments in this issue have occurred recently: in March 2014, the Georgia Legislature applied for a convention to consider a balanced federal budget amendment, revoking its rescission of an earlier application; in April 2014, Tennessee took similar action. While both applications are valid, they may revive questions as to the constitutionality of rescissions of state applications for an Article V Convention and whether convention applications are valid indefinitely. Either issue could have an impact on the prospects for a convention. In other recent actions, the legislatures of Ohio, in November 2013, and Michigan, in March 2014, applied to Congress for an Article V Convention to consider a balanced federal budget amendment; these are the first new state applications since 1982 and are also the 33rd and 34th applications for the balanced budget amendment convention. If all 32 previous related state applications are valid, it is arguable that the constitutional requirement for requests from two-thirds of the states has been met, and that Congress should consider calling a convention.
Internet- and social media-driven public policy campaigns have also embraced the Article V Convention as an alternative to perceived policy deadlock at the federal level. In 2011, the “Conference on a Constitutional Convention,” drew participants ranging from conservative libertarians to progressives together to discuss and promote a convention. In December 2013, a meeting of state legislators advocated a convention, while the “Convention of States” called for a convention to offer amendments to “impose fiscal restraints and limit the power of the federal government.” Also in 2013, the advocacy group Compact for America proposed the “Compact for a Balanced Budget,” an interstate compact that would provide a “turn-key” application, by which, with a single vote, states could join the compact; call for a convention; agree to its format, membership, and duration; adopt and propose a specific balanced budget amendment; and prospectively commit themselves to ratify the amendment.
Congress would face a range of questions if an Article V Convention seemed likely, including the following. What constitutes a legitimate state application? Does Congress have discretion as to whether it must call a convention? What vehicle does it use to call a convention? Could a convention consider any issue, or must it be limited to a specific issue? Could a “runaway” convention propose amendments outside its mandate? Could Congress choose not to propose a convention-approved amendment to the states? What role would Congress have in defining a convention, including issues such as rules of procedure and voting, number and apportionment of delegates, funding and duration, service by Members of Congress, and other questions. Under these circumstances, Congress could consult a range of information resources in fashioning its response. These include the record of the founders’ original intent, scholarly works cited in this report and elsewhere, historical examples and precedents, and relevant hearings, reports, and bills produced by Congress from the 1970s through the 1990s.