Inflation Prevention Act

Hozzl · 2022-12-30T04:04:47Z

Explore the details of Senate Bill 3495 Inflation Prevention Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Congress. Stay informed on legislative developments.

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

Formatted Text PDF Formatted XML

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3495

Primary Policy Focus

Congress

Alternate Title(s) of Bill S 3495

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.