S.Res. 724 · 117th Congress
A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.
- Stage
- In committee
- Sponsor
- Ted Cruz
- Introduced
- 2022-07-27
- Latest action
- 2022-07-27 · Introduced in Senate
Summary
This resolution states that two consecutive quarters of negative growth in gross domestic product constitutes a recession.