PRICE Act

12/29/2022, 10:33 PM

Preventing Runaway Inflation in Consumer Expenditures Act or the PRICE Act

This bill establishes a point of order that prohibits the Senate from considering legislation that would cause a net increase in outlays unless the Congressional Budget Office certifies that inflation is below 3%. The point of order may be waived by an affirmative vote of three-fifths of the Senate.

Congress
117
Number
S - 3770
Introduced on
2022-03-07
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/7/2022
Text
PDF
XML

Status of Legislation

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

Purpose and Summary

Preventing Runaway Inflation in Consumer Expenditures Act or the PRICE Act

This bill establishes a point of order that prohibits the Senate from considering legislation that would cause a net increase in outlays unless the Congressional Budget Office certifies that inflation is below 3%. The point of order may be waived by an affirmative vote of three-fifths of the Senate.

Alternative Names
Official Title as IntroducedA bill to establish a point of order against legislation that would cause a net increase in outlays unless the Director of the Congressional Budget Office certifies that inflation is below 3 percent.
Policy Areas
Economics and Public Finance

Comments

Recent Activity

Latest Summary4/15/2022

Preventing Runaway Inflation in Consumer Expenditures Act or the PRICE Act

This bill establishes a point of order that prohibits the Senate from considering legislation that would cause a net increase in outlays unless the...

Latest Action3/7/2022
Read twice and referred to the Committee on the Budget.