Title: Providing Reports on Inflation Costs and Economic Impact Act
Policy area: Economics and Public Finance

Summary:
Providing Reports on Inflation Costs and Economic Impact Act or the PRICE Act
This bill establishes a point of order that prohibits the Senate from considering legislation that provides discretionary appropriations unless a Congressional Budget Office (CBO) report regarding the impact of the legislation on inflation has been submitted for publication in the Congressional Record.
The CBO report must include an analysis of the impact the legislation would have on
The point of order may be waived or suspended by an affirmative vote of three-fifths of the Senate.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3634 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 3634

 To create a point of order requiring an inflation impact report with 
        any legislation that makes discretionary appropriations.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 10, 2022

Ms. Ernst (for herself, Mr. Braun, Mr. Grassley, Mr. Hagerty, Mr. Scott 
 of Florida, and Mrs. Blackburn) introduced the following bill; which 
       was read twice and referred to the Committee on Rules and 
                             Administration

_______________________________________________________________________

                                 A BILL


 
 To create a point of order requiring an inflation impact report with 
        any legislation that makes discretionary appropriations.

    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 ``Providing Reports on Inflation Costs 
and Economic Impact Act'' or the ``PRICE Act''.

SEC. 2. POINT OF ORDER REQUIRING AN INFLATION IMPACT REPORT WITH ANY 
              LEGISLATION THAT MAKES DISCRETIONARY APPROPRIATIONS.

    (a) Point of Order.--It shall not be in order in the Senate to 
consider a bill, joint resolution, motion, amendment, amendment between 
the Houses, or conference report making discretionary appropriations 
(as defined in section 250(c) of the Balanced Budget and Emergency 
Deficit Control Act of 1985 (2 U.S.C. 900(c))) unless an inflation 
impact report by the Congressional Budget Office with respect to the 
measure is submitted for publication in the Congressional Record, 
including an analysis of the impact the measure would have on--
            (1) the Consumer Price Index for All Urban Consumers 
        published by the Bureau of Labor Statistics of the Department 
        of Labor;
            (2) the Employment Cost Index for private industry workers 
        published by the Bureau of Labor Statistics; and
            (3) the purchasing power of consumers, including a 
        comparison of the impact described in paragraph (1) and the 
        impact described in paragraph (2).
    (b) Supermajority Waiver and Appeals.--
            (1) Waiver.--This section may be waived or suspended in the 
        Senate only by the affirmative vote of three-fifths of the 
        Members, duly chosen and sworn.
            (2) Appeals.--Appeals in the Senate from the decisions of 
        the Chair relating to any provision of this section shall be 
        limited to 1 hour, to be equally divided between, and 
        controlled by, the appellant and the manager of the bill or 
        joint resolution, as the case may be. An affirmative vote of 
        three-fifths of the Members of the Senate, duly chosen and 
        sworn, shall be required to sustain an appeal of the ruling of 
        the Chair on a point of order raised under this section.
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