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Bill117th CongressFiled Jul 27, 2022Finance and Financial Sector
S.Res. 724

A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.

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What it doesSummary introduced in senate (Jul 27, 2022)

This resolution states that two consecutive quarters of negative growth in gross domestic product constitutes a recession.

What just happenedJul 27, 2022

Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3745)

Who’s behind it

Sen. Cruz, Ted [R-TX](R-TX)Sponsor
3 cosponsors3 R
Read on Congress.gov
3cosponsors1committees2actions
  1. Jul 27, 2022IntroReferral

    Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3745)

    Homeland Security and Governmental Affairs Committee
  2. Jul 27, 2022IntroReferral10000

    Introduced in Senate

A resolution expressing the sense of the Senate that the historic definition of a recessio… — Informed