The resolution from the New Mexico legislature requests the United States Congress to convene a convention for the purpose of proposing amendments to the U.S. Constitution. This convention would focus on three main areas: imposing fiscal restraints on the federal government, limiting the power and jurisdiction of the federal government, and establishing term limits for federal officials and members of Congress. The resolution highlights concerns about the growing national debt, the burdens of excessive federal regulations, and the need for greater accountability in federal spending and governance.

The resolution cites Article 5 of the U.S. Constitution, which allows for such a convention upon the application of two-thirds of the states. It emphasizes the importance of maintaining financial integrity at the state level, as New Mexico's governor and legislature are required to submit and pass balanced budgets. The New Mexico legislature's application to Congress is intended to be a continuing request until a sufficient number of states join in support of the same objectives. The resolution also directs the secretary of state to send copies of this application to key federal officials, including the President and congressional leaders.