Proposing an amendment to the Constitution of the United States to provide for a 6-year term for the President and Vice President, to provide for a 4-year term for Representatives, to limit the number of terms Senators and Representatives may serve, to provide for a 12-year term for Supreme Court Justices, and to limit the terms of heads of the Executive departments and members of the Board of Governors of the Federal Reserve System.

Constitutional Amendment - Establishes a six-year term of office for the President and the Vice President. Prohibits a person from being elected to serve a term of office as President if the person held such office immediately preceding such term. Repeals the 22d amendment to the Constitution. Prohibits a person from being elected to serve a term of office as President or Vice President, or appointed to a term of office as head of an executive department, if the person has held the office of Vice President immediately preceding such term.

Establishes a four-year term of office for Representatives. Prohibits any person from being elected more than three times to the office of Representative or more than two times to the office of Senator.

Limits the term of office of a judge of the Supreme Court to 12 years and prohibits any person from being appointed as a judge more than once.

Limits the term of office of the head of an executive department to six years. Prohibits a person from being elected to serve a term as President or Vice President, or appointed to a term of office as head of an executive department, if the person has held the office as a head of an executive department at any time during the six-year period ending on the date of election or appointment.

Limits the term of office for members of the Board of Governors of the Federal Reserve System to seven years. Prohibits a person from being appointed to serve a term as a member if the person has been a member at any time during the seven-year period ending on the date of appointment.