House Joint Resolution 548, introduced by Representative Powers, calls upon the United States Congress to convene a constitutional convention. This convention would be specifically tasked with proposing a balanced budget amendment to the U.S. Constitution, which would mandate that federal appropriations for any fiscal year cannot exceed the estimated federal revenues for that year, except in cases of national emergency. The resolution emphasizes that this application aligns with similar requests from other states, aiming to gather enough support to meet the two-thirds requirement for calling such a convention.

Additionally, the resolution establishes that it will remain a continuing application until at least two-thirds of state legislatures have made similar requests. It also directs that copies of the resolution be sent to key federal officials, including the President of the U.S. Senate and the Speaker of the House, as well as to the presiding officers of other state legislative bodies, encouraging them to join Tennessee in this initiative.