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SRES 89 118th Congress Senate Economics and Public Finance Budget deficits and national debt Economic theory Monetary policy

A resolution recognizing the duty of the Senate to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.

Introduced: March 1, 2023 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 1, 2023
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)
Mar 1, 2023
Introduced in Senate
 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 Senate to abandon the theory.

What's happening now March 1, 2023

Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2