II 

118TH CONGRESS 

1ST SESSION S. 715 

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 

MARCH 8, 2023 

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’’. 

6 SEC. 2. EXECUTIVE ORDER MANDATED INFLATION AC7 COUNTABILITY AND REFORM. 

8 (a) MANDATORY INFLATION FORECASTING.— 


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1 (1) IN GENERAL.—For any major Executive 

2 order, the President, acting through the Director of 

3 the Office of Management and Budget and the Chair 

4 of the Council of Economic Advisers, shall prepare 

5 and consider a statement estimating the inflationary 

6 effects of the Executive order, including whether the 

7 Executive order is determined to have no significant 

8 impact on inflation, is determined to have quantifi9 able inflationary impact on the consumer or pro10 ducer price index (including a detailed description of 

11 such impact), or is determined likely to have a sig12 nificant impact on inflation but the amount cannot 

13 be determined at the time the estimate is prepared. 

14 Any statement prepared under this paragraph shall 

15 incorporate the inflationary impact of the debt serv16 icing costs associated with the applicable major Ex17 ecutive order. To the greatest extent practicable, any 

18 estimate of the inflationary impact of any major Ex19 ecutive order under this paragraph shall take into 

20 account the spending patterns of military personnel 

21 and of residents of non-metropolitan areas, including 

22 rural areas and farm households. 

23 (2) CPI IMPACT DISAGGREGATED.—If an Exec24 utive order is determined to have a quantifiable in25 flationary impact on the consumer price index under 


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1 paragraph (1), the statement required by such para2 graph shall include the amount of such impact on 

3 the consumer price index in total and disaggregated 

4 by the Food, Energy, and All Items Less Food and 

5 Energy categories of the consumer price index (as 

6 such categories are determined by the Secretary of 

7 Labor in consultation with the Commissioner of the 

8 Bureau of Labor Statistics). 

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

10 shall provide to the President, acting through the Director 

11 and the Chair, such information and assistance as the 

12 President, acting through the Director and the Chair, may 

13 reasonably request to assist the President, acting through 

14 the Director and the Chair, in carrying out this section. 

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

16 date of the enactment of this Act, and every year there17 after, the President, acting through the Director and the 

18 Chair, shall publish on the public website of the Office 

19 of Management and Budget and submit to the Committee 

20 on the Budget and the Committee on Homeland Security 

21 and Governmental Affairs of the Senate and the Com22 mittee on the Budget and the Committee on Oversight and 

23 Accountability of the House of Representatives a report 

24 containing each statement prepared and considered under 

25 subsection (a) during the year. 


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1 (d) RULE OF CONSTRUCTION.—Nothing in this sec2 tion shall be construed to suggest that the task of com3 bating inflation and bringing down the cost of living is 

4 the sole responsibility of the Executive Office of the Presi5 dent, and not also a key pursuit of the Senate during the 

6 118th Congress through thoughtful, productive legislative 

7 action. 

8 (e) DEFINITIONS.—In this section: 

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

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

11 United States Code. 

12 (2) MAJOR EXECUTIVE ORDER.—The term 

13 ‘‘major Executive order’’ means any Executive order 

14 that would be projected (in a conventional cost esti15 mate) to cause an annual gross budgetary or eco16 nomic effect of at least $1,000,000, but does not in17 clude any such measure that— 

18 (A) provides for emergency assistance or 

19 relief at the request of any State or local gov20 ernment or any official of a State or local gov21 ernment; or 

22 (B) is necessary for the national security 

23 or the ratification or implementation of inter24 national treaty obligations. 


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

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

3 each commonwealth, territory, or possession of the 

4 United States, and each federally recognized Indian 

5 Tribe. 

Æ 


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