Stop Inflationary Spending Resolution

Stop Inflationary Spending Resolution

This resolution modifies the Standing Rules of the Senate to require a vote of two-thirds (currently three-fifths) of the Senate to invoke cloture on appropriations legislation if inflation exceeded 4% during the preceding 12-month period.

Bill 117 sres 478, also known as the Stop Inflationary Spending Resolution, is a piece of legislation introduced in the US Senate. The main goal of this bill is to address the issue of inflation and its impact on the economy.

The resolution calls for a halt to any further increases in government spending that could contribute to inflation. It emphasizes the importance of fiscal responsibility and the need to control inflationary pressures in order to maintain a stable economy.

The bill also highlights the potential negative consequences of unchecked inflation, such as rising prices, reduced purchasing power, and economic instability. It urges Congress to take action to prevent these outcomes by reining in spending and adopting policies that promote economic stability. Overall, the Stop Inflationary Spending Resolution aims to raise awareness about the dangers of inflation and encourage lawmakers to prioritize responsible budgeting and fiscal policies. It is an important piece of legislation that seeks to protect the economy and ensure the financial well-being of American citizens.