Providing Reports on Inflation Costs and Economic Impact Act

Hozzl · 2022-12-29T21:18:18Z

Explore the details of Senate Bill 3634 Providing Reports on Inflation Costs and Economic Impact Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

12/29/2022, 9:18 PM

Congressional Summary of S 3634

Providing Reports on Inflation Costs and Economic Impact Act or the PRICE Act

This bill establishes a point of order that prohibits the Senate from considering legislation that provides discretionary appropriations unless a Congressional Budget Office (CBO) report regarding the impact of the legislation on inflation has been submitted for publication in the Congressional Record.

The CBO report must include an analysis of the impact the legislation would have on

the Consumer Price Index for all Urban Consumers,
the Employment Cost Index for private industry workers, and
the purchasing power of consumers.

The point of order may be waived or suspended by an affirmative vote of three-fifths of the Senate.

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Current Status of Bill S 3634

Bill S 3634 is currently in the status of Bill Introduced since February 10, 2022. Bill S 3634 was introduced during Congress 117 and was introduced to the Senate on February 10, 2022. Bill S 3634's most recent activity was Read twice and referred to the Committee on Rules and Administration. as of February 10, 2022