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Informed Lawmaking to Combat Inflation Act

USA118th CongressHR-3640| House 
| Updated: 5/24/2023
Ashley Hinson

Ashley Hinson

Republican Representative

Iowa

Cosponsors (3)
Wiley Nickel (Democratic)Brad Finstad (Republican)Henry Cuellar (Democratic)

Rules Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Informed Lawmaking to Combat Inflation Act This bill requires the Congressional Budget Office to provide inflation estimates for certain legislation that provides for direct spending and is projected to cause an annual gross budgetary effect of at least 0.25% of the projected gross domestic product of the United States. The estimates must determine whether the legislation 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 legislation that (1) provides for emergency assistance or relief at the request of any state, local, or tribal government; or (2) is necessary for the national security or the ratification or implementation of international treaty obligations.
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Timeline

Bill from Previous Congress

HR 117-6629
Informed Lawmaking to Combat Inflation Act
May 24, 2023
Introduced in House
May 24, 2023
Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 7, 2024

Latest Companion Bill Action

S 118-3895
Introduced in Senate
  • Bill from Previous Congress

    HR 117-6629
    Informed Lawmaking to Combat Inflation Act


  • May 24, 2023
    Introduced in House


  • May 24, 2023
    Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • March 7, 2024

    Latest Companion Bill Action

    S 118-3895
    Introduced in Senate

Economics and Public Finance

Related Bills

  • S 118-3895: Informed Lawmaking to Combat Inflation Act

Informed Lawmaking to Combat Inflation Act

USA118th CongressHR-3640| House 
| Updated: 5/24/2023
Informed Lawmaking to Combat Inflation Act This bill requires the Congressional Budget Office to provide inflation estimates for certain legislation that provides for direct spending and is projected to cause an annual gross budgetary effect of at least 0.25% of the projected gross domestic product of the United States. The estimates must determine whether the legislation 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 legislation that (1) provides for emergency assistance or relief at the request of any state, local, or tribal government; or (2) is necessary for the national security or the ratification or implementation of international treaty obligations.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-6629
Informed Lawmaking to Combat Inflation Act
May 24, 2023
Introduced in House
May 24, 2023
Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 7, 2024

Latest Companion Bill Action

S 118-3895
Introduced in Senate
  • Bill from Previous Congress

    HR 117-6629
    Informed Lawmaking to Combat Inflation Act


  • May 24, 2023
    Introduced in House


  • May 24, 2023
    Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • March 7, 2024

    Latest Companion Bill Action

    S 118-3895
    Introduced in Senate
Ashley Hinson

Ashley Hinson

Republican Representative

Iowa

Cosponsors (3)
Wiley Nickel (Democratic)Brad Finstad (Republican)Henry Cuellar (Democratic)

Rules Committee, Budget Committee

Economics and Public Finance

Related Bills

  • S 118-3895: Informed Lawmaking to Combat Inflation Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted