S.Res. 724 · 117th Congress · Senate

A resolution expressing the sense of the Senate that the historic definition of a recession is 2 negative quarters of gross domestic product growth.

Active· Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3745)
Introduced
Jul 27, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This resolution states that two consecutive quarters of negative growth in gross domestic product constitutes a recession.