A resolution amending the Standing Rules of the Senate to require inflationary impact statements in committee reports.

Bill: 117-sres-327
Sponsor: full_name: Sen. Scott, Rick [R-FL]
Introduced: 2021-07-28
Policy area: Congress
Latest action: action_date: 2021-07-28
text: Referred to the Committee on Rules and Administration. (text: CR S5145)

Summaries:
action_date: 2021-07-28
action_desc: Introduced in Senate
text: <p>This resolution amends the Standing Rules of the Senate to require each Senate committee report to contain an analytical statement as to whether, and the extent to which, the increased budget authority, outlays, or revenue produced by the enactment of the bill or joint resolution into law may have an inflationary impact on prices and costs in the operation of the national economy or the purchasing power of low- and middle-income families.</p>

tv_txt: III 117th CONGRESS 1st Session S. RES. 327 IN THE SENATE OF THE UNITED STATES July 28, 2021 Mr. Scott of Florida (for himself, Mr. Risch , Mr. Tillis , Mr. Marshall , Mr. Rubio , Ms. Ernst , and Mr. Braun ) submitted the following resolution; which was referred to the Committee on Rules and Administration RESOLUTION Amending the Standing Rules of the Senate to require inflationary impact statements in committee reports.

That paragraph 11 of rule XXVI of the Standing Rules of the Senate is amended— (1) by redesignating subparagraph (c) as subparagraph (d); (2) by inserting after subparagraph (b) the following: (c) Each committee report shall also contain a detailed analytical statement as to whether, and the extent to which, the increased budget authority, outlays, or revenue produced by the enactment of the bill or joint resolution into law may have an inflationary impact on prices and costs in the operation of the national economy. The statement shall also include whether, and the extent to which, the inflationary impact would affect the purchasing power of low and middle income families. ; and (3) in subparagraph (d), as so redesignated, by striking subparagraphs (a) and (b) and inserting subparagraphs (a), (b), and (c) .