S. 4598 · 117th Congress
Reduce Exacerbated Inflation Negatively Impacting the Nation Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BraunSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Reduce Exacerbated Inflation Negatively Impacting the Nation Act
What it does: CRS summary · Introduced in Senate · Jul 21, 2022
Reduce Exacerbated Inflation Negatively Impacting the Nation Act
This bill requires the Office of Management and Budget and the Council of Economic Advisers to provide an inflation estimate for each executive order that is projected to cause an annual gross budgetary effect of at least $1 billion.
The estimate must determine whether the executive order will have
- no significant impact on inflation,
- a quantifiable inflationary impact on the consumer price index, or
- a significant impact on inflation that cannot be quantified at the time the estimate is prepared.
The requirement does not apply to executive orders that (1) provide for emergency assistance or relief at the request of any state or local government or an official of the government, or (2) are necessary for national security or the ratification or implementation of international treaty obligations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Reduce Exacerbated Inflation Negatively Impacting the Nation Act
Latest action (Jul 21, 2022): Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Policy area: Economics and Public Finance · Origin: Senate · Introduced: Jul 21, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.