Senate Bill 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.

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-01

Recent Activity

Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)

Alternative Names

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.

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.

Associated Legislation

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Policy Areas

Economics and Public Finance

Potential Impact

Budget deficits and national debt

Economic theory

Monetary policy

Sponsors and Supporters

Sen. Braun, Mike [R-IN]

Cosponsors and Supporters

Sen. Cassidy, Bill [R-LA]

Sen. Scott, Rick [R-FL]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Variations and Revisions

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.

2/16/2024, 3:28 PM

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 th...

Congress
118
Number
SRES - 89
Introduced on
2023-03-01
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/1/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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 th...

Alternative Names
Official Title as IntroducedA 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.
Policy Areas
Economics and Public Finance
Potential Impact
Budget deficits and national debt•
Economic theory•
Monetary policy

Comments

Recent Activity

Latest Summary4/24/2023

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 th...

Latest Action3/1/2023
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)