What happens to an amendment that is not ratified?

It goes to the states for changes and a new vote.
It is not put in the Constitution but remains a law.
It is sent to the president.
It is not put in the Constitution and is not a law.

If an amendment is not ratified, it is not put in the Constitution and is not considered a law. In order for an amendment to become part of the Constitution, it must be ratified by a specified number of states within a certain time frame. If it does not meet these requirements, it does not become a part of the Constitution and does not hold legal status.