House Simple Resolution 1049
116th Congress(2019-2020)
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.
Introduced
Introduced in House on Jul 16, 2020
Origin Chamber
House
Type
Simple Resolution
Simple Resolution
A form of legislative measure introduced and potentially acted upon by only one congressional chamber and used for the regulation of business only within the chamber of origin. Depending on the chamber of origin, they begin with a designation of either H.Res. or S.Res. Joint resolutions and concurrent resolutions are other types of resolutions.
Bill Number
1049
Congress
116
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
Kevin Hern
grade
Oklahoma
Georgia
Indiana
Kansas
North Carolina
North Carolina
Pennsylvania
South Carolina
Texas
No House votes have been held for this bill.
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 House of Representatives to condemn the theory.
July 16, 2020
07/16/2020
Referred to the House Committee on Financial Services.
07/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:44 PM