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HRes 1290 · 117th Congress

Expressing the sense of the House of Representatives that two consecutive quarters of negative growth in gross domestic product, as reported by the Bureau of Economic Analysis, constitutes a recession.

# Plain Language Summary: H. RES. 1290 This resolution is essentially the House of Representatives stating its official opinion on what counts as a recession. Right now, there's no single legal definition of when America is officially in a recession—economists and government officials often debate whether we're in…

Sponsor
Schweikert, David (R-AZ)
Introduced
2022-07-27
Policy area
Finance and Financial Sector
Latest action
Referred to the House Committee on Oversight and Reform.

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