Reduce Exacerbated Inflation Negatively Impacting the Nation Act
Latest action · Jul 13, 2022 Referred to the House Committee on Oversight and Reform.
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.
- IntroducedJul 13, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Jul 13, 2022 to Jul 29, 2022, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Jason Smith | Original | Jul 13, 2022 |
| R-NC | Patrick T. McHenry | Original | Jul 13, 2022 |
| R-KY | Andy Barr | Jul 14, 2022 | |
| R-FL | Byron Donalds | Jul 15, 2022 | |
| R-IN | Larry Bucshon | Jul 15, 2022 | |
| R-WI | Bryan Steil | Jul 18, 2022 | |
| R-VA | Robert J. Wittman | Jul 18, 2022 | |
| R-MI | Tim Walberg | Jul 19, 2022 | |
| R-PA | Lloyd Smucker | Jul 20, 2022 | |
| R-TX | Brian Babin | Jul 29, 2022 |
Actions 2
Everything that happened, newest first.
- Jul 13, 2022Introduced in House
- Jul 13, 2022Referred to the House Committee on Oversight and Reform.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4598 | Reduce Exacerbated Inflation Negatively Impacting the Nation Act | Related bill | Jul 21, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Jul 13, 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.