118th Congress Economics and Public Finance
S. 715: Reduce Exacerbated Inflation Negatively Impacting the Nation 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 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 or economic effect of at least $1 million.
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 the Producer Price Index, or
- a significant impact on inflation that cannot be quantified at the time the estimate is prepared.
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The estimate must also (1) incorporate the inflationary impact of the debt servicing costs associated with the executive order; and (2) take into account the spending patterns of military personnel and of residents of non-metropolitan areas, including rural areas and farm households.
The requirements do 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.
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
- Rick Scott R-FLOriginal
- Joe Manchin I-WV
Who scored on this bill
- 1Mike Braun SponsorIntroduced, drew cross-party cosponsors2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Mike Braun
History
- Introduced in the Senate by Mike Braun.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.