The resolution calls for an Article V convention to propose amendments to the U.S. Constitution aimed at imposing fiscal restraints on the federal government, limiting its power and jurisdiction, and establishing term limits for federal officials and members of Congress. It emphasizes the role of state legislators as guardians of liberty against federal overreach and highlights concerns over national debt and unfunded federal mandates that infringe upon state authority.

The General Assembly of Iowa formally applies to Congress for this convention, stating that the application will remain active until at least two-thirds of the states have made similar requests or until Iowa decides to withdraw its application. Additionally, the resolution mandates that certified copies be sent to various federal and state officials to ensure proper notification of this initiative.