Informed Lawmaking to Combat Inflation Act
Latest action · Feb 7, 2022 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 7, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Informed Lawmaking to Combat Inflation Act
This bill requires the Congressional Budget Office to provide inflation estimates for certain legislation that is projected to cause an annual gross budgetary effect of at least 0.25% of the projected gross domestic product of the United States.
The estimates must determine whether the legislation 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 legislation that (1) provides for emergency assistance or relief at the request of any state, local, or tribal government; or (2) is necessary for the national security or the ratification or implementation of international treaty obligations.
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from Feb 7, 2022 to Jul 14, 2022; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IA | Ashley Hinson | Original | Feb 7, 2022 |
| D-OR | Kurt Schrader | Original | Feb 7, 2022 |
| D-FL | Stephanie N. Murphy | Original | Feb 7, 2022 |
| R-AR | Eric A. "Rick" Crawford | Feb 11, 2022 | |
| R-IA | Mariannette Miller-Meeks | Feb 11, 2022 | |
| R-OK | Stephanie I. Bice | Feb 11, 2022 | |
| R-KS | Jake LaTurner | Feb 22, 2022 | |
| R-FL | John H. Rutherford | Mar 16, 2022 | |
| R-TX | Beth Van Duyne | Mar 17, 2022 | |
| R-NY | Elise M. Stefanik | Apr 5, 2022 | |
| R-NY | Andrew R. Garbarino | Apr 7, 2022 | |
| R-SC | Nancy Mace | Apr 18, 2022 | |
| R-UT | Burgess Owens | May 10, 2022 | |
| R-TN | David Kustoff | Jun 13, 2022 | |
| R-NY | Nicole Malliotakis | Jun 13, 2022 | |
| R-MI | Peter Meijer | Jun 13, 2022 | |
| R-TX | Dan Crenshaw | Jun 14, 2022 | |
| D-HI | Ed Case | Jun 14, 2022 | |
| R-TN | Mark E. Green | Jun 23, 2022 | |
| R-UT | Chris Stewart | Jul 13, 2022 | |
| R-WI | Glenn Grothman | Jul 13, 2022 | |
| R-CA | David G. Valadao | Jul 14, 2022 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Rules Committee | Referred Feb 7, 2022 |
| House | Budget Committee | Referred Feb 7, 2022 |
Actions 2
Everything that happened, newest first.
- Feb 7, 2022Introduced in House
- Feb 7, 2022Referred 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.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H6675 | John H. Rutherford R-FL | Jul 15, 2022 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 24, February 7, 2022, page H1013.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide an inflation estimate with respect to legislation with a significant impact on the Gross Domestic Product of the United States, and for other purposes.
- Short Title(s) as Introduced
- Informed Lawmaking to Combat Inflation Act
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Feb 7, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
