Expose BIDEN Act
Bill: H.R.9263 | Sponsor: Rep. Clyde, Andrew S. (R-GA)
Policy area: Government Operations and Politics

Summary:
Expose Biden's Inflation, Deficits, and Economic Neglect Act of 2022 or the Expose BIDEN Act
This bill requires the Government Accountability Office to determine the impact on the U.S. economy of each major rule issued after 12 p.m. on January 20, 2021. Any major rule that is determined to increase inflation or cause a decline in the gross domestic product must be rescinded.

To require the Comptroller General of the United States to report on 
the impact of major rules on inflation and gross domestic product, and 
                          for other purposes.

    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 ``Expose Biden's Inflation, Deficits, 
and Economic Neglect Act of 2022'' or the ``Expose BIDEN Act''.

SEC. 2. COMPTROLLER GENERAL REPORT ON IMPACT OF MAJOR RULES ON 
              INFLATION AND GROSS DOMESTIC PRODUCT.

    (a) Review.--
            (1) In general.--Beginning on the date described under 
        paragraph (2), the Comptroller General of the United States 
        shall review each major rule to determine the impact of each 
        such rule on the economy of the United States, including--
                    (A) the impact of each such rule on--
                            (i) inflation in the United States; and
                            (ii) the gross domestic product of the 
                        United States; and
                    (B) whether any such rule contributed to--
                            (i) an increase in inflation in the United 
                        States; or
                            (ii) a decline in the gross domestic 
                        product of the United States.
            (2) Timing of review.--The Comptroller General shall begin 
        conducting the review required by paragraph (1) on--
                    (A) the effective date, if the Director has issued 
                two consecutive reports on the gross domestic product 
                of the United States indicating a decline in such gross 
                domestic product in the two quarters preceding the 
                effective date; or
                    (B) if the Director has not issued two consecutive 
                reports on the gross domestic product of the United 
                States indicating a decline in such gross domestic 
                product in the two quarters preceding the effective 
                date, whichever occurs first after the effective date:
                            (i) The first date on which the Director 
                        determines that the gross domestic product of 
                        the United States declined in the two quarters 
                        preceding such date.
                            (ii) The publication date of the first 
                        monthly report published by the Bureau of Labor 
                        Statistics that shows an increase of 5 percent 
                        or greater in the Consumer Price Index for All 
                        Urban Consumers (CPI-U) over a 12-month period.
    (b) Report.--Not later than 6 months after the date on which the 
Comptroller General begins conducting the review required by subsection 
(a), the Comptroller General shall submit to the President, Committee 
on Oversight and Reform of the House of Representatives, and the 
Committee on Homeland Security and Governmental Affairs of the Senate a 
report on such review that includes--
            (1) a description of any impact of such rules on--
                    (A) inflation in the United States; and
                    (B) the gross domestic product of the United 
                States; and
            (2) an identification of any such rule that the Comptroller 
        General determines contributed to--
                    (A) an increase in inflation in the United States; 
                or
                    (B) a decline in the gross domestic product of the 
                United States.
    (c) Suspension of Enforcement and Promulgations of Major Rules 
During Preparation of Report.--During the period in which the 
Comptroller General is preparing the report required by subsection 
(b)--
            (1) no major rule may be enforced; and
            (2) no major rule may be promulgated.
    (d) Rescission and Promulgation of Rules That Contribute to Decline 
in GDP and Inflation.--
            (1) Rescission of rules.--Following the submission of the 
        report under subsection (b), the head of each relevant Federal 
        agency shall permanently rescind any rule identified in the 
        report as being shown to have contributed to--
                    (A) an increase in inflation in the United States; 
                or
                    (B) a decline in the gross domestic product of the 
                United States.
            (2) Replacement rules.--The head of a Federal agency may 
        not promulgate a rule to replace a rule rescinded under 
        paragraph (1) before the sunset date unless such head 
        demonstrates to the Comptroller General of the United States 
        that such rule will not contribute to--
                    (A) an increase in inflation in the United States; 
                or
                    (B) a decline in the gross domestic product of the 
                United States.
    (e) Definitions.--In this section:
            (1) Director.--The term ``Director'' means the Secretary of 
        Commerce, acting through the Director of the Bureau of Economic 
        Analysis.
            (2) Effective date.--The term ``effective date'' means the 
        date of the enactment of this Act.
            (3) Major rule.--The term ``major rule'' has the meaning 
        given the term in section 804 of title 5, United States Code, 
        except that such term does not include any rule issued before 
        12:00 p.m., January 20, 2021.
            (4) Sunset date.--The term ``sunset date'' means the date 
        that is three months after the first date after the effective 
        date on which--
                    (A) the Director issues a report indicating that 
                the gross domestic product of the United States has--
                            (i) increased in the two consecutive 
                        quarters preceding the date on which the 
                        Director issues the report; and
                            (ii) met or exceeded the gross domestic 
                        product for the quarter preceding such two 
                        consecutive quarters; and
                    (B) the Bureau of Labor Statistics publishes a 
                monthly report that shows an increase of 2.5 percent or 
                less in the Consumer Price Index for All Urban 
                Consumers (CPI-U) over a 12-month period.
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