Bill116th CongressFiled Jul 16, 2020Economics and Public Finance
H.Res. 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.
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What it doesSummary introduced in house (Jul 16, 2020)
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.
What just happenedJul 16, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Hern, Kevin [R-OK-1](R-OK)Sponsor
8 cosponsors8 R
8cosponsors1committees3actions1related bills3subjects
- Introduced in HouseJul 16, 2020
- Jul 16, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 16, 2020IntroReferralIntro-H
Introduced in House
- Jul 16, 2020IntroReferral1000
Introduced in House