The Georgian government submitted drafts of constitutional amendments and the Liberty Act to the president. The Liberty Act seeks to enshrine Georgia's successful economic policies by capping budget expenditures and deficits, banning extrabudgetary funds and earmarks, prohibiting increases in licenses and regulations, banning price controls and state ownership of banks, and empowering citizens through social program vouchers rather than funding institutions directly. It would also require nationwide referendums for any new or increased taxes. The prime minister commented that the act addresses concerns about maintaining reforms by constitutionally enshrining key policies to prevent policy drift or reversal.