S 3770 117th Congress Senate Economics and Public Finance

PRICE Act

Introduced: March 7, 2022 Introduced by: Lee, Mike Republican · Utah See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 7, 2022

Read twice and referred to the Committee on the Budget.

Mar 7, 2022

Introduced in Senate

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Plain-English summary Congressional Research Service

Preventing Runaway Inflation in Consumer Expenditures Act or the PRICE Act

This bill establishes a point of order that prohibits the Senate from considering legislation that would cause a net increase in outlays unless the Congressional Budget Office certifies that inflation is below 3%. The point of order may be waived by an affirmative vote of three-fifths of the Senate.

What's happening now March 7, 2022

Read twice and referred to the Committee on the Budget.

Related & companion bills 1

Bill text 1 version