A resolution recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing Modern Monetary Theory would lead to higher deficits and higher inflation.
Latest action · May 1, 2019 Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S2576)
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried. A simple resolution is the business of one chamber alone: it is not sent to the other chamber or to the President, and does not become law.
- IntroducedMay 1, 2019
- Agreed to in SenateNot reached
Summary
This resolution recognizes that (1) deficits are unsustainable, irresponsible, and dangerous; (2) the implementation of Modern Monetary Theory will lead to higher deficits and higher inflation; and (3) it is the duty of the Senate to condemn the theory.
Cosponsors 4
Members who signed on, in the order they did. All signed on May 1, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KS | Jerry Moran | Original | May 1, 2019 |
| R-IA | Joni Ernst | Original | May 1, 2019 |
| R-IN | Mike Braun | Original | May 1, 2019 |
| R-NC | Thom Tillis | Original | May 1, 2019 |
Actions 2
Everything that happened, newest first.
- May 1, 2019Introduced in Senate
- May 1, 2019Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S2576)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 1049 | Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation. | Identical bill | Jul 16, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- May 1, 2019Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov.