HRES 267 · 117th Congress · Economics and Public Finance

Recognizing the duty of the House of Representatives to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.

Introduced 2021-03-23· Sponsored by Rep. Hern, Kevin [R-OK-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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 House of Representatives to abandon the theory.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

4 Republicans
Rep. Budd, Ted [R-NC-13]NC
Rep. Baird, James R. [R-IN-4]IN
Rep. Bishop, Dan [R-NC-9]NC
Rep. Norman, Ralph [R-SC-5]SC