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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: April 1, 2021 Introduced by: Hern, Kevin Republican · Oklahoma See on congress.gov
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This resolution expired with the 117th Congress
It was not agreed to before the 117th Congress (2021–2022) adjourned, so it is no longer active.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)
Mar 23, 2021
Referred to the House Committee on Financial Services.
Mar 23, 2021
Introduced in House
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 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.

 Related & companion bills 1
  • SRES 136 Identical bill A resolution recognizing the duty of the Senate to abandon Modern Monetary Theory and recognizing that the acceptance o…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 3
Bishop, Dan
· Apr 1, 2021
 R
Norman, Ralph
South Carolina · Apr 1, 2021
 R
Baird, James R.
Indiana · Mar 23, 2021
 R
Budd, Ted
North Carolina · Mar 23, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H. Res. 267: 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.. 117th Congress. Open America. https://openamerica.io/bill/117-HRES-267/
MLA
"H. Res. 267: 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.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HRES-267/.
Bluebook (legal)
H. Res. 267, 117th Cong. (2026), https://openamerica.io/bill/117-HRES-267/.
Markdown link
[H. Res. 267: 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.](https://openamerica.io/bill/117-HRES-267/)
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