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HRES 1049 116th Congress House Economics and Public Finance Budget deficits and national debt Economic theory Monetary policy

Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher…

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Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation.

Introduced: July 16, 2020 Introduced by: Hern, Kevin Republican · Oklahoma See on congress.gov
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This resolution expired with the 116th Congress
It was not agreed to before the 116th Congress (2019–2020) adjourned, so it is no longer active. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Agreed to (House)
Jul 16, 2020
Referred to the House Committee on Financial Services.
Jul 16, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

This resolution recognizes that (1) deficits are unsustainable, irresponsible, and dangerous; (2) the implementation of Modern Monetary Theory will lead to higher deficits and higher inflation; and (3) it is the duty of the House of Representatives to condemn the theory.

What's happening now July 16, 2020

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • SRES 182 Identical bill A resolution recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing Modern Monetary Theor…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Republican 4
R
Baird, James R.
Indiana · Jul 16, 2020
Bishop, Dan
· Jul 16, 2020
 R
Budd, Ted
North Carolina · Jul 16, 2020
Collins, Doug
· Jul 16, 2020
Flores, Bill
· Jul 16, 2020
 R
Meuser, Daniel
Pennsylvania · Jul 16, 2020
 R
Norman, Ralph
South Carolina · Jul 16, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H. Res. 1049: Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation.. 116th Congress. Open America. https://openamerica.io/bill/116-HRES-1049/
MLA
"H. Res. 1049: Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HRES-1049/.
Bluebook (legal)
H. Res. 1049, 116th Cong. (2026), https://openamerica.io/bill/116-HRES-1049/.
Markdown link
[H. Res. 1049: Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation.](https://openamerica.io/bill/116-HRES-1049/)
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