The resolution from the New Mexico legislature requests that the United States Congress call a convention under Article 5 of the U.S. Constitution. This convention would be convened upon the application of two-thirds of the states and would focus on proposing amendments to the 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. The resolution highlights concerns over the federal government's increasing national debt, regulatory burdens, and the perceived disconnect between Congress and the interests of the citizens.

Additionally, the resolution emphasizes the importance of accountability in federal spending and regulation, drawing a parallel to New Mexico's constitutional requirement for a balanced budget. It directs the New Mexico Secretary of State to send copies of the application to key federal officials, including the President and congressional leaders, and states that this application will remain active until at least two-thirds of the states have made similar applications on the same subject.