I 
117TH CONGRESS 
2D SESSION 
H. R. 8369 
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 HOUSE OF REPRESENTATIVES 
JULY 13, 2022 
Ms. STEFANIK (for herself, Mr. SMITH of Missouri, and Mr. MCHENRY) intro-
duced the following bill; which was referred to the Committee on Over-
sight and Reform 
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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Reduce Exacerbated 
Inflation Negatively Impacting the Nation Act’’. 
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SEC. 2. EXECUTIVE ORDER MANDATED INFLATION AC-
COUNTABILITY AND REFORM. 
(a) MANDATORY INFLATION FORECASTING.—For 
any major Executive order, the President, acting through 
the Director of the Office of Management and Budget and 
the Chair of the Council of Economic Advisers, shall pre-
pare and consider a statement estimating the inflationary 
effects of the Executive order, including whether the Exec-
utive order is determined to have no significant impact 
on inflation, is determined to have quantifiable infla-
tionary impact on the consumer price index, or is deter-
mined likely to have a significant impact on inflation but 
the amount cannot be determined at the time the estimate 
is prepared. 
(b) AGENCY ASSISTANCE.—The head of each agency 
shall provide to the President, acting through the Director 
and the Chair, such information and assistance as the 
President, acting through the Director and the Chair, may 
reasonably request to assist the President, acting through 
the Director and the Chair, in carrying out this section. 
(c) REPORTING.—Not later than 180 days after the 
date of the enactment of this Act, and every year there-
after, the President, acting through the Director and the 
Chair, shall submit to the Committees on the Budget of 
the Senate and House of Representatives a report con-
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taining each statement prepared and considered under 
subsection (a) during the year. 
(d) DEFINITIONS.—In this section: 
(1) AGENCY.—The term ‘‘agency’’ has the 
meaning given such term in section 551 of title 5, 
United States Code. 
(2) MAJOR
EXECUTIVE
ORDER.—The term 
‘‘major Executive order’’ means any Executive order 
that would be projected (in a conventional cost esti-
mate) to cause an annual gross budgetary effect of 
at least $1,000,000,000, but does not include any 
such measure that— 
(A) provides for emergency assistance or 
relief at the request of any State or local gov-
ernment or any official of a State or local gov-
ernment; or 
(B) is necessary for the national security 
or the ratification or implementation of inter-
national treaty obligations. 
(3) STATE.—The term ‘‘State’’ means each 
State of the United States, the District of Columbia, 
each commonwealth, territory, or possession of the 
United States, and each federally recognized Indian 
Tribe. 
Æ 
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