The bill is a resolution from the Minnesota Legislature that calls on Congress to convene a convention for the purpose of proposing amendments to the United States Constitution. The proposed amendments aim to impose fiscal constraints on the federal government, limit its power and jurisdiction, and establish term limits for federal officials and members of Congress. The resolution emphasizes the role of state legislators as guardians of liberty and expresses concern over the federal government's national debt and its encroachment on state authority through unfunded mandates.

Additionally, the resolution states that this application for a convention is a continuing application under Article V of the Constitution, remaining in effect until at least two-thirds of the states have made similar applications on the same subject. It also directs the Secretary of State of Minnesota to distribute copies of the memorial to various federal and state officials, ensuring that the request is formally communicated to the appropriate parties.