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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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This resolution expired with the 118th Congress
It was not agreed to before the 118th Congress (2023–2024) adjourned, so it is no longer active.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)
Mar 1, 2023
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)
Mar 1, 2023
Introduced in Senate
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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 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)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Cassidy, Bill
Louisiana · Mar 1, 2023
 R
Scott, Rick
Florida · Mar 1, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. Res. 89: 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.. 118th Congress. Open America. https://openamerica.io/bill/118-SRES-89/
MLA
"S. Res. 89: 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.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-SRES-89/.
Bluebook (legal)
S. Res. 89, 118th Cong. (2026), https://openamerica.io/bill/118-SRES-89/.
Markdown link
[S. Res. 89: 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.](https://openamerica.io/bill/118-SRES-89/)
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