Amending the Rules of the House of Representatives to require inflationary impact statements in committee reports.

Bill: 117-hres-492
Sponsor: full_name: Rep. Banks, Jim [R-IN-3]
Introduced: 2021-06-23
Policy area: Congress
Latest action: action_date: 2021-06-23
text: Referred to the House Committee on Rules.

Summaries:
action_date: 2021-06-23
action_desc: Introduced in House
text: <p>This resolution requires an analytical statement to be included in committee reports on whether, and the extent to which, the increased budget authority, outlays, or revenue produced by the enactment of a bill or joint resolution may have an inflationary impact on prices and costs in the operation of the national economy and the purchasing power of low- and middle-income families. </p>

tv_txt: IV 117th CONGRESS 1st Session H. RES. 492 IN THE HOUSE OF REPRESENTATIVES June 23, 2021 Mr. Banks (for himself, Mr. Budd , Ms. Salazar , Mr. Bishop of North Carolina , Mr. Roy , Mrs. Spartz , Mrs. Greene of Georgia , Mrs. Cammack , Mr. Biggs , Mr. Crenshaw , Mr. Steil , Ms. Stefanik , Mr. Duncan , Mr. Emmer , Ms. Herrell , Mr. Joyce of Pennsylvania , Mr. Johnson of Ohio , Mr. McClintock , Mr. Moore of Alabama , Mr. Cawthorn , Mr. Steube , Mr. Posey , Mr. Reschenthaler , Mrs. Lesko , Mr. Weber of Texas , Mr. Fallon , Ms. Tenney , Mr. Gooden of Texas , Mr. Keller , Mr. Grothman , and Mr. Davidson ) submitted the following resolution; which was referred to the Committee on Rules RESOLUTION Amending the Rules of the House of Representatives to require inflationary impact statements in committee reports.

That clause 3(d) of rule XIII of the Rules of the House of Representatives is amended by adding at the end the following new subparagraph: (3) A detailed analytical statement as to whether, and the extent to which, the increased budget authority, outlays, or revenue produced by the enactment of such bill or joint resolution into law may have an inflationary impact on prices and costs in the operation of the national economy. Such statement shall also include whether, and the extent to which, the inflationary impact would effect the purchasing power of low- and middle-income families. .