Stop Inflationary Spending Act

Bill: 118-hr-361
Sponsor: full_name: Rep. Meuser, Daniel [R-PA-9]
Introduced: 2023-01-13
Policy area: Economics and Public Finance
Subjects: Appropriations

Budget process

Congressional oversight

Government studies and investigations

Inflation and prices
Latest action: action_date: 2023-01-13
text: 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.

Summaries:
action_date: 2023-01-13
action_desc: Introduced in House
text: <p><strong>Stop Inflationary Spending Act</strong></p> <p>This bill requires the Congressional Budget Office (CBO) to provide inflation projections for bills that Congress considers using the budget reconciliation process. </p> <p>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. </p>

tv_txt: I 118th CONGRESS 1st Session H. R. 361 IN THE HOUSE OF REPRESENTATIVES January 13, 2023 Mr. Meuser (for himself, Mr. Crenshaw , Ms. Salazar , Mr. Steil , Mr. Johnson of Ohio , Mr. Luetkemeyer , Mr. Fallon , Mr. Kelly of Pennsylvania , and Mr. Obernolte ) 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 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.

1. Short title This Act may be cited as the Stop Inflationary Spending Act . 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.