Stop Inflationary Spending Act

Stop Inflationary Spending Act

This bill requires the Congressional Budget Office (CBO) to provide inflation projections for bills that Congress considers using the budget reconciliation process.

Specifically, the CBO must estimate the impact on inflation that will occur from implementing each reconciliation bill, including the impact on inflation that will occur during each of the first five years after the enactment of the bill.

Bill 118 hr 361, also known as the Stop Inflationary Spending Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the issue of inflation by implementing measures to control government spending.

The bill proposes several key provisions to achieve this goal. Firstly, it calls for a freeze on all non-essential government spending for a period of one year. This includes discretionary spending on programs and projects that are not deemed essential for the functioning of the government.

Additionally, the bill aims to reduce wasteful spending by requiring all government agencies to conduct a thorough review of their budgets and identify areas where cuts can be made. This will help to ensure that taxpayer dollars are being used efficiently and effectively. Furthermore, the bill includes provisions to increase transparency and accountability in government spending. It calls for regular reporting on the status of government expenditures and requires agencies to justify any increases in their budgets. Overall, the Stop Inflationary Spending Act is aimed at addressing the issue of inflation by implementing measures to control government spending and ensure that taxpayer dollars are being used responsibly. It remains to be seen how this bill will be received by Congress and whether it will ultimately be passed into law.