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Stop Inflationary Spending Resolution
3/13/2024, 3:24 AM
Summary of Bill SRES 478
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.
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.
Congressional Summary of SRES 478
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.
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Current Status of Bill SRES 478
Bill SRES 478 is currently in the status of Bill Introduced since December 14, 2021. Bill SRES 478 was introduced during Congress 117 and was introduced to the Senate on December 14, 2021. Bill SRES 478's most recent activity was Referred to the Committee on Rules and Administration. (text: CR S9164) as of December 14, 2021
Bipartisan Support of Bill SRES 478
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill SRES 478
Primary Policy Focus
Economics and Public FinanceAlternate Title(s) of Bill SRES 478
Stop Inflationary Spending Resolution
Stop Inflationary Spending Resolution
A resolution amending rule XXII of the Standing Rules of the Senate to increase the voting threshold to invoke cloture on general appropriation bills during periods of high inflation.
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Sponsors and Cosponsors of SRES 478
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