Title: A resolution requesting that the President transmit to the Senate not later than 14 days after the date of the adoption of this resolution documents in the possession of the President relating to the Administration's discussions and plans to assess, mitigate, and prevent growing inflation.
Policy area: Economics and Public Finance

Summary:
This resolution requests that the President transmit to the Senate certain documents relating to the Administration's discussions and plans to mitigate and prevent growing inflation.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 185 Introduced in Senate (IS)]

<DOC>






117th CONGRESS
  1st Session
S. RES. 185

Requesting that the President transmit to the Senate not later than 14 
days after the date of the adoption of this resolution documents in the 
     possession of the President relating to the Administration's 
    discussions and plans to assess, mitigate, and prevent growing 
                               inflation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 28, 2021

 Mr. Scott of Florida (for himself, Mr. Braun, and Mr. Lee) submitted 
   the following resolution; which was referred to the Committee on 
               Homeland Security and Governmental Affairs

_______________________________________________________________________

                               RESOLUTION


 
Requesting that the President transmit to the Senate not later than 14 
days after the date of the adoption of this resolution documents in the 
     possession of the President relating to the Administration's 
    discussions and plans to assess, mitigate, and prevent growing 
                               inflation.

Whereas the Federal debt and rising inflation is a real crisis that hurts real 
        Americans;
Whereas the national debt of the United States is $27,900,000,000,000;
Whereas this represents $223,441 in debt per taxpayer;
Whereas in March President Biden and Democrats in Congress pushed through a 
        wasteful $1,900,000,000,000 ``COVID'' spending bill that will further 
        increase the Federal debt to $30,000,000,000,000;
Whereas the Biden Administration and Democrats in Congress continue to push 
        massive spending proposals that would contribute to inflation, which 
        increases the cost of everyday goods and disproportionately affects low-
        income and fixed-income families;
Whereas the cost of everyday purchases, like diapers and groceries, are 
        increasing while home prices and rents continue to rise;
Whereas food and gasoline prices have risen significantly over the past year, up 
        3.5 percent and 23 percent, respectively, in March 2021, according to 
        the Consumer Price Index;
Whereas the latest figures from the Bureau of Labor Statistics show the Consumer 
        Price Index and Producer Price Index increasing 2.6 percent and 4.5 
        percent, respectively, over the year, the fastest increases in nearly a 
        decade;
Whereas several notable economists have expressed concern about the impact of 
        the Biden Administration's massive Federal spending, with warnings that 
        a stimulus-fueled surge in consumer spending could revive a 1970s-style 
        escalation in wages and prices that could cripple the economy in the 
        years to come;
Whereas the New York Times reported on April 13, 2021, that officials and aides 
        at the White House and the Department of the Treasury have for months 
        held private meetings to discuss inflation and conducted in-depth 
        internal analyses for senior officials and President Biden;
Whereas the content and conclusions of these secret meetings and working groups 
        have not been disclosed and made available to the public;
Whereas the New York Times also reports that ``Mr. Biden's aides are 
        sufficiently worried about the risk of spending fueling inflation that 
        they shaped his infrastructure proposal, which has yet to be taken up by 
        Congress, to funnel out $2.3 trillion over eight years, which is slower 
        than traditional stimulus.'';
Whereas the Biden Administration continues to refuse to address or acknowledge 
        the effects of rising inflation on American families, despite 
        indications that inflation could significantly increase this year; and
Whereas the partisan actions of the Biden Administration have real life 
        consequences for Americans: Now, therefore, be it
    Resolved, That the President is requested to transmit to the Senate 
not later than 14 days after the date of the adoption of this 
resolution documents in the possession of the President relating to the 
Administration's discussions and plans to mitigate and prevent growing 
inflation, including a detailed timeline of events and participants as 
well as any correspondence, reports, presentations, notes, or 
memorandum produced in preparation for, during, or as a result of these 
activities.
                                 <all>