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    <congress>116</congress>
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        <title>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.</title>
        <congress>116</congress>
        <number>1049</number>
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        <latestAction>
          <actionDate>2020-07-16</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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        <actionDate>2019-05-01</actionDate>
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        <text>Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S2576)</text>
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        <actionDate>2019-05-01</actionDate>
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        <fullName>Sen. Perdue, David [R-GA]</fullName>
        <firstName>David</firstName>
        <lastName>Perdue</lastName>
        <party>R</party>
        <state>GA</state>
        <middleName>Alfred</middleName>
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        <fullName>Sen. Braun, Mike [R-IN]</fullName>
        <firstName>Mike</firstName>
        <lastName>Braun</lastName>
        <party>R</party>
        <state>IN</state>
        <sponsorshipDate>2019-05-01</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>E000295</bioguideId>
        <fullName>Sen. Ernst, Joni [R-IA]</fullName>
        <firstName>Joni</firstName>
        <lastName>Ernst</lastName>
        <party>R</party>
        <state>IA</state>
        <sponsorshipDate>2019-05-01</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M000934</bioguideId>
        <fullName>Sen. Moran, Jerry [R-KS]</fullName>
        <firstName>Jerry</firstName>
        <lastName>Moran</lastName>
        <party>R</party>
        <state>KS</state>
        <sponsorshipDate>2019-05-01</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000476</bioguideId>
        <fullName>Sen. Tillis, Thomas [R-NC]</fullName>
        <firstName>Thomas</firstName>
        <lastName>Tillis</lastName>
        <party>R</party>
        <state>NC</state>
        <middleName>Roland</middleName>
        <sponsorshipDate>2019-05-01</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Economics and Public Finance</name>
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    <subjects>
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          <name>Budget deficits and national debt</name>
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        <item>
          <name>Economic theory</name>
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        <item>
          <name>Monetary policy</name>
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        <actionDate>2019-05-01</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2019-07-23T22:52:50Z</updateDate>
        <text><![CDATA[ <p>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 Senate to condemn the theory. </p>]]></text>
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    </summaries>
    <title>A resolution recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing Modern Monetary Theory would lead to higher deficits and higher inflation.</title>
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        <title>A resolution recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing Modern Monetary Theory would lead to higher deficits and higher inflation.</title>
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        <title>A resolution recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing Modern Monetary Theory would lead to higher deficits and higher inflation.</title>
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        <date>2019-05-01T04:00:00Z</date>
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    <latestAction>
      <actionDate>2019-05-01</actionDate>
      <text>Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S2576)</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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