US Presidents can only serve two terms, right?  That term limit is established by the 22nd Amendment to the Constitution.  But there is a bill before the house this session that would  abolish the amendment to do away with presidential term limits.

HJ Res 15 is sponsored by New York's Jose Serrano and would repeal the 22nd Amendment.  Rumors about the bill are spreading on Facebook and via email. The text of the bill, as it appears on the Library of Congress's website reads:

Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein),

     That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:

`Article--

        `The twenty-second article of amendment to the Constitution of the United States is hereby repealed.'.

The bill is currently before the judiciary committee and will probably die there.  Similar bills have been proposed in the past and have never seen the light of day.

However, should the bill pass both houses of congress, then three-fouths of the states would have the ratify the amendment before it took effect.