Inflation Prevention Act

12/30/2022, 4:04 AM

Inflation Prevention Act

This bill establishes a point of order that, when the annualized rate of inflation exceeds 4.5%, prohibits the Senate from considering legislation that provides new budget authority and is estimated to result in an increase to the rate of inflation. The prohibition may be waived by an affirmative vote of three-fifths of the Senate.

Congress
117
Number
S - 3495
Introduced on
2022-01-12
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

1/12/2022
Text
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Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Inflation Prevention Act

This bill establishes a point of order that, when the annualized rate of inflation exceeds 4.5%, prohibits the Senate from considering legislation that provides new budget authority and is estimated to result in an increase to the rate of inflation. The prohibition may be waived by an affirmative vote of three-fifths of the Senate.

Alternative Names
Official Title as IntroducedA bill to create a point of order against spending that will increase inflation unless inflation is not greater than 4.5 percent, and for other purposes.
Policy Areas
Congress

Comments

Recent Activity

Latest Summary7/20/2022

Inflation Prevention Act

This bill establishes a point of order that, when the annualized rate of inflation exceeds 4.5%, prohibits the Senate from considering legislation that provides new budget authority and is estimated to resul...

Latest Action1/12/2022
Read twice and referred to the Committee on Rules and Administration.