Reduce Exacerbated Inflation Negatively Impacting the Nation Act

Bill: 118-hr-347
Sponsor: Rep. Stefanik, Elise M. [R-NY-21]
Introduced: 2023-01-12 in the House
Policy area: Economics and Public Finance
Subjects: Budget process
Congressional oversight
Congressional-executive branch relations
Government information and archives
Government studies and investigations
Inflation and prices
Presidents and presidential powers, Vice Presidents

Summary:
action_date: 2023-01-12
text: 

Reduce Exacerbated Inflation Negatively Impacting the Nation Act 

 
This bill requires the Office of Management and Budget and the Council of Economic Advisers to provide an inflation estimate for each executive order that is projected to cause an annual gross budgetary effect of at least $1 billion. 
 
The estimate must determine whether the executive order will have 
 
 
no significant impact on inflation,
 
a quantifiable inflationary impact on the Consumer Price Index, or
 
a significant impact on inflation that cannot be quantified at the time the estimate is prepared.
 
 
The requirement does not apply to executive orders that (1) provide for emergency assistance or relief at the request of any state or local government or an official of the government, or (2) are necessary for national security or the ratification or implementation of international treaty obligations.

action_date: 2023-03-01
text: 

Reduce Exacerbated Inflation Negatively Impacting the Nation Act 

 
This bill requires the Office of Management and Budget and the Council of Economic Advisers to provide an inflation estimate for each executive order that is projected to cause an annual gross budgetary or economic effect of at least $1 million. 
 
The estimate must determine whether the executive order will have 
 
 
no significant impact on inflation,
 
a quantifiable inflationary impact on the Consumer Price Index or the Producer Price Index, or
 
a significant impact on inflation that cannot be quantified at the time the estimate is prepared.
 
 
The estimate must also (1) incorporate the inflationary impact of the debt servicing costs associated with the executive order; and (2) take into account the spending patterns of military personnel and of residents of non-metropolitan areas, including rural areas and farm households.
 
The requirements do not apply to executive orders that (1) provide for emergency assistance or relief at the request of any state or local government or an official of the government, or (2) are necessary for national security or the ratification or implementation of international treaty obligations.


Legislative actions:
action_date: 2023-03-06
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 23.
action_date: 2023-03-02
text: Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
action_date: 2023-03-01
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2023-03-01
text: On passage Passed by recorded vote: 272 - 148 (Roll no. 131).
action_date: 2023-03-01
text: Passed/agreed to in House: On passage Passed by recorded vote: 272 - 148 (Roll no. 131).
action_date: 2023-03-01
text: The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
action_date: 2023-03-01
text: The previous question was ordered pursuant to the rule.
action_date: 2023-03-01
text: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 347.
action_date: 2023-03-01
text: UNFINISHED BUSINESS - The Chair announced that the unfinished business was on the question of agreeing to the amendments, which had been debated earlier and on which further proceedings had been postponed.
action_date: 2023-03-01
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Yakym amendment No. 15.
action_date: 2023-03-01
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Roy amendment No. 14, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
action_date: 2023-03-01
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Roy amendment No. 14.
action_date: 2023-03-01
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 13.
action_date: 2023-03-01
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 12.
action_date: 2023-03-01
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Omar amendment No. 11.
action_date: 2023-03-01
text: The House resolved into Committee of the Whole House on the state of the Union for further consideration.
action_date: 2023-03-01
text: Considered as unfinished business. (consideration: CR H976-988)
action_date: 2023-02-28
text: Committee of the Whole House on the state of the Union rises leaving H.R. 347 as unfinished business.
action_date: 2023-02-28
text: On motion that the Committee rise Agreed to by voice vote.
action_date: 2023-02-28
text: Mr. Langworthy moved that the Committee rise.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Langworthy amendment No. 10.
action_date: 2023-02-28
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Lee (NV) amendment No. 9, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mrs. Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Lee (NV) amendment No. 9.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment No. 8.
action_date: 2023-02-28
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee amendment No. 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Jackson Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment No. 7.
action_date: 2023-02-28
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee amendment No. 6, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Jackson Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment No. 6.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Cloud amendment No. 4.
action_date: 2023-02-28
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Bobert amendment No. 3, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mrs. Boebert demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Boebert amendment No. 3.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Comer amendment No. 2.
action_date: 2023-02-28
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Bost amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
action_date: 2023-02-28
text: DEBATE - Pursuant to the provisions of H.Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Bost amendment No. 1.
action_date: 2023-02-28
text: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 347.
action_date: 2023-02-28
text: The Speaker designated the Honorable Carol D. Miller to act as Chairwoman of the Committee.
action_date: 2023-02-28
text: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 166 and Rule XVIII.
action_date: 2023-02-28
text: Rule provides for consideration of H.R. 347 and H.J. Res. 30. Provides for consideration of H.R. 347 and H.J. Res. 30 and one hour of debate on each measure. The rule makes in order amendments to H.R. 347 printed in the report and provides for one motion to recommit on each measure.
action_date: 2023-02-28
text: Considered under the provisions of rule H. Res. 166. (consideration: CR H942-953)
action_date: 2023-02-27
text: Rules Committee Resolution H. Res. 166 Reported to House. Rule provides for consideration of H.R. 347 and H.J. Res. 30. Provides for consideration of H.R. 347 and H.J. Res. 30 and one hour of debate on each measure. The rule makes in order amendments to H.R. 347 printed in the report and provides for one motion to recommit on each measure.
action_date: 2023-01-12
text: Referred to the House Committee on Oversight and Accountability.
action_date: 2023-01-12
text: Introduced in House
action_date: 2023-01-12
text: Introduced in House