Stop Inflationary Spending Act

Subjects: Economics and Public Finance, Appropriations, Budget process, Congressional oversight, Government studies and investigations, Inflation and prices

Summary:  <p><strong>Stop Inflationary Spending Act</strong></p> <p>This bill requires the Congressional Budget Office (CBO) to provide inflation projections for bills that Congress considers using the budget reconciliation process. </p> <p>Specifically, the CBO must estimate the impact on inflation that will occur from implementing each reconciliation bill, including the impact on inflation that will occur during each of the first five years after the enactment of the bill. </p>

<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 361 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 361

 To amend the Congressional Budget and Impoundment Control Act of 1974 
 to require the Congressional Budget Office to conduct an analysis of 
    the impact on inflation from certain reconciliation legislation 
   reported or submitted pursuant to reconciliation directives in a 
                  concurrent resolution on the budget.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 13, 2023

  Mr. Meuser (for himself, Mr. Crenshaw, Ms. Salazar, Mr. Steil, Mr. 
      Johnson of Ohio, Mr. Luetkemeyer, Mr. Fallon, Mr. Kelly of 
 Pennsylvania, and Mr. Obernolte) introduced the following bill; which 
    was 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

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
 to require the Congressional Budget Office to conduct an analysis of 
    the impact on inflation from certain reconciliation legislation 
   reported or submitted pursuant to reconciliation directives in a 
                  concurrent resolution on the budget.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stop Inflationary Spending Act''.

SEC. 2. CONGRESSIONAL BUDGET OFFICE INFLATION ANALYSIS.

    (a) CBO Inflation Analysis.--Section 310 of the Congressional 
Budget and Impoundment Control Act of 1974 (2 U.S.C. 641) is amended by 
adding at the end the following new subsection:
    ``(h) CBO Analysis.--The Director of the Congressional Budget 
Office shall, to the extent practicable, prepare an analysis of the 
impact on inflation incurred in carrying out reconciliation legislation 
in the fiscal year in which it is to become effective and in each of 
the 4 fiscal years following such fiscal year, together with the basis 
for each such estimate, for any reconciliation legislation that is--
            ``(1) reported to a House under subsection (b)(1);
            ``(2) submitted to a Committee on the Budget of a House 
        under subsection (b)(2); or
            ``(3) submitted directly to the Committee on Rules of the 
        House of Representatives.''.
    (b) Effective Date.--This section and the amendments made by this 
section shall take effect on the date of enactment of this Act.
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