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HRES 267 117th Congress House Economics and Public Finance Budget deficits and national debt Economic theory Monetary policy

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

Introduced: March 23, 2021 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
Mar 23, 2021
Referred to the House Committee on Financial Services.
Mar 23, 2021
Introduced in House
 Plain-English summary Congressional Research Service

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

What's happening now March 23, 2021

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3