SENATE 89118th CongressReferred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S572-573)

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.

Last Action: 3/1/2023

Actions

2023-01-25Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
2023-01-25Introduced in Senate

CRS Summary

As of 2023-01-25 (00)

No Budget, No Pay Act

This bill prohibits Members of Congress from being paid in a fiscal year until both chambers approve the budget resolution and pass all regular appropriations bills for that fiscal year. Retroactive pay is prohibited for such a period.

Cosponsors (12)

Joseph Manchin (D-WV)
Rick Scott (R-FL)
Maggie Hassan (D-NH)
Shelley Capito (R-WV)
Katie Britt (R-AL)
Marsha Blackburn (R-TN)
Jacklyn Rosen (D-NV)
Ted Budd (R-NC)
J. Vance (R-OH)
John Barrasso (R-WY)
Eric Schmitt (R-MO)
Ted Cruz (R-TX)

Read on Congress.gov

Sourced from Congress.gov (public domain).

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