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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.

USA118th CongressSRES-89| Senate 
| Updated: 3/1/2023
Mike Braun

Mike Braun

Republican Senator

Indiana

Cosponsors (2)
Rick Scott (Republican)Bill Cassidy (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

SRES 117-136
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.
Mar 1, 2023
Introduced in Senate
Mar 1, 2023
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)

  • Bill from Previous Congress

    SRES 117-136
    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.
  • March 1, 2023
    Introduced in Senate
  • March 1, 2023
    Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)

Economics and Public Finance

Budget deficits and national debtEconomic theoryMonetary 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.

USA118th CongressSRES-89| Senate 
| Updated: 3/1/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

SRES 117-136
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.
Mar 1, 2023
Introduced in Senate
Mar 1, 2023
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)

  • Bill from Previous Congress

    SRES 117-136
    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.
  • March 1, 2023
    Introduced in Senate
  • March 1, 2023
    Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)
Mike Braun

Mike Braun

Republican Senator

Indiana

Cosponsors (2)
Rick Scott (Republican)Bill Cassidy (Republican)

Banking, Housing, and Urban Affairs Committee

Economics and Public Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Budget deficits and national debtEconomic theoryMonetary policy