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Inflation Prevention Act
12/30/2022, 4:04 AM
Congressional Summary of S 3495
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.
Read the Full Bill
Current Status of Bill S 3495
Bill S 3495 is currently in the status of Bill Introduced since January 12, 2022. Bill S 3495 was introduced during Congress 117 and was introduced to the Senate on January 12, 2022. Bill S 3495's most recent activity was Read twice and referred to the Committee on Rules and Administration. as of January 12, 2022
Bipartisan Support of Bill S 3495
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
13Democrat Cosponsors
0Republican Cosponsors
13Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3495
Primary Policy Focus
CongressAlternate Title(s) of Bill S 3495
Inflation Prevention Act
Inflation Prevention Act
A 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.
Comments
Sponsors and Cosponsors of S 3495
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