The bill is a joint resolution from the Montana Legislature applying for a convention of the states under Article V of the U.S. Constitution. It emphasizes the role of state legislators as guardians of liberty against federal overreach and expresses concerns about the federal government's national debt, unfunded mandates, and misinterpretation of the Constitution. The resolution seeks to propose amendments that would impose fiscal restraints on the federal government, limit its power and jurisdiction, and establish term limits for federal officials and members of Congress.

The resolution directs the Secretary of State to send copies of this application to various federal and state officials, including the President and Secretary of the U.S. Senate, and the Speaker and Clerk of the U.S. House of Representatives. It also states that this application will remain active until at least two-thirds of the states have made similar applications on the same subject.