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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 inflation.

Introduced: July 16, 2020 Introduced by: Hern, Kevin Republican · Oklahoma See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 16, 2020
Referred to the House Committee on Financial Services.
Jul 16, 2020
Introduced in House
 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.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4