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SRES 724 117th Congress Senate Finance and Financial Sector

A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.

Introduced: July 27, 2022 Introduced by: Cruz, Ted Republican · Texas 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It was not agreed to before the 117th Congress (2021–2022) adjourned, so it is no longer active.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 (Senate)
Jul 27, 2022
Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3745)
Jul 27, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

This resolution states that two consecutive quarters of negative growth in gross domestic product constitutes a recession.

What's happening now July 27, 2022

Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3745)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Scott, Rick
Florida · Aug 2, 2022
 R
Lummis, Cynthia M.
Wyoming · Jul 27, 2022
 R
Scott, Tim
South Carolina · Jul 27, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. Res. 724: A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.. 117th Congress. Open America. https://openamerica.io/bill/117-SRES-724/
MLA
"S. Res. 724: A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-SRES-724/.
Bluebook (legal)
S. Res. 724, 117th Cong. (2026), https://openamerica.io/bill/117-SRES-724/.
Markdown link
[S. Res. 724: A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.](https://openamerica.io/bill/117-SRES-724/)
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