118th Congress Economics and Public Finance
S. 3895: Informed Lawmaking to Combat Inflation Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 include both the short-term and long-term inflationary effects of the legislation. Specifically, the estimates must determine whether the legislation will have
- no significant impact on inflation,
- a quantifiable inflationary impact on the consumer price index or the personal consumption expenditure index, or
- a significant impact on inflation that cannot be quantified at the time the estimate is prepared.
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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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Thom Tillis R-NCOriginal
Who scored on this bill
- 1Joe Manchin SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Joe Manchin
History
- Introduced in the Senate by Joe Manchin.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on the Budget.