Recognizing the duty of the House of Representatives to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.

House Resolution 267 is a non-binding proposal that expresses the formal sense of the House of Representatives that the federal government should reject the economic framework known as Modern Monetary Theory (MMT). The resolution asserts that adopting this theory—which suggests that countries printing their own currency can spend more freely without relying on traditional tax revenue—would lead to unsustainable national deficits and increased inflation. While the resolution does not change any existing laws or tax codes, it serves as a formal declaration of policy intent to prioritize traditional fiscal restraint and balanced budgeting in future legislative decisions.