II 

117TH CONGRESS 

2D SESSION S. 4598 

To require the Executive Office of the President to provide an inflation 

estimate with respect to executive orders with a significant effect on 

the annual gross budget, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 21, 2022 

Mr. BRAUN (for himself and Mr. SCOTT of Florida) introduced the following 

bill; which was read twice and referred to the Committee on Homeland 

Security and Governmental Affairs 

A BILL 

To require the Executive Office of the President to provide 

an inflation estimate with respect to executive orders 

with a significant effect on the annual gross budget, 

and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Reduce Exacerbated 

5 Inflation Negatively Impacting the Nation Act’’. 


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1 SEC. 2. EXECUTIVE ORDER MANDATED INFLATION AC2 COUNTABILITY AND REFORM. 

3 (a) MANDATORY INFLATION FORECASTING.—For 

4 any major executive order, the President, acting through 

5 the Director of the Office of Management and Budget and 

6 the Chair of the Council of Economic Advisers, shall pre7 pare and consider a statement estimating the inflationary 

8 effects of the executive order, including whether the execu9 tive order is determined— 

10 (1) to have no significant impact on inflation; 

11 (2) to have quantifiable inflationary impact on 

12 the consumer price index; or 

13 (3) likely to have a significant impact on infla14 tion but the amount cannot be determined at the 

15 time the estimate is prepared. 

16 (b) AGENCY ASSISTANCE.—The head of each agency 

17 shall provide to the President, acting through the Director 

18 and the Chair, such information and assistance as the 

19 President may reasonably request to assist the President 

20 in carrying out this section. 

21 (c) REPORTING.—Not later than 180 days after the 

22 date of enactment of this Act, and every year thereafter, 

23 the President, acting through the Director and the Chair, 

24 shall submit to the Committee on the Budget of the Sen25 ate and the Committee on the Budget of the House of 

26 Representatives a report containing each statement preVerDate Sep 11 2014 03:17 Jul 29, 2022 Jkt 029200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S4598.IS S4598

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1 pared and considered under subsection (a) during the year 

2 before the year during which the report is submitted. 

3 (d) DEFINITIONS.—In this section: 

4 (1) AGENCY.—The term ‘‘agency’’ has the 

5 meaning given such term in section 551 of title 5, 

6 United States Code. 

7 (2) MAJOR EXECUTIVE ORDER.—The term 

8 ‘‘major executive order’’— 

9 (A) means an executive order that would 

10 be projected (in a conventional cost estimate) to 

11 cause an annual gross budgetary effect of at 

12 least $1,000,000,000; and 

13 (B) does not include an executive order 

14 that— 

15 (i) provides for emergency assistance 

16 or relief at the request of any State or 

17 local government or any official of a State 

18 or local government; or 

19 (ii) is necessary for the national secu20 rity or the ratification or implementation 

21 of international treaty obligations. 

22 (3) STATE.—The term ‘‘State’’ means each 

23 State of the United States, the District of Columbia, 

24 each commonwealth, territory, or possession of the 


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1 United States, and each federally recognized Indian 

2 Tribe. 

Æ 


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