HR 8369
117th Congress
House
Economics and Public Finance
Budget process
Congressional oversight
Congressional-executive branch relations
Government information and archives
Government studies and investigations
Inflation and prices
Presidents and presidential powers, Vice Presidents
Reduce Exacerbated Inflation Negatively Impacting the Nation Act
Introduced: July 13, 2022
Introduced by:
Stefanik, Elise M.
Republican
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 2022
Referred to the House Committee on Oversight and Reform.
Jul 13, 2022
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Oversight and Reform.
Committees of jurisdiction
1