Title: Stop Inflationary Spending Act
Policy area: Economics and Public Finance

Summary:
Stop Inflationary Spending Act
This bill requires the Congressional Budget Office (CBO) to provide inflation projections for bills that Congress considers using the budget reconciliation process.
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.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4181 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 4181

 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.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 25, 2021

  Mr. Meuser 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

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                                 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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