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tags: Summaries
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# MIP4c2-SP31: MIP63 Maker Keeper Network Amendment

This is a summary of the contents of this subproposal and its impact, from GovAlpha's perspective:

- This is a valid subproposal [MIP4c2 (Amendment Process for MIPs Older than 3 Months)](https://mips.makerdao.com/mips/details/MIP4#MIP4c2).
- This subproposal amends [MIP63: Maker Keeper Network](https://mips.makerdao.com/mips/details/MIP63). Specifically, this amendment introduces:
- Language changes for clarity and spelling fixes.
- A maximum duration of two years for keeper network budgets.
- Stricter definitions around payments and reports.
- A modification of required fields in the MIP63c5 subproposal template. The Keeper Network List (MIP63c3) has been updated retroactively with these modified fields.
- If this subproposal is ratified, [this PR](https://github.com/makerdao/mips/pull/720) will be merged into the MIP repository.
- This proposal has been assigned `Medium-Impact` based on the methodology listed [here](https://manual.makerdao.com/governance/off-chain/impact-estimations).

***Disclaimer: These summaries are intended to be a guide and not a source of truth. You remain responsible for any actions you take on the grounds of this information. Please note the date when the summary was last updated to judge accuracy.***

*Updated 2022-12-08*