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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