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US HR8369

US HR8369
Reduce Exacerbated Inflation Negatively Impacting the Nation Act


summary

Introduced
07/13/2022
In Committee
07/13/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes.

AI Summary

This bill, the Reduce Exacerbated Inflation Negatively Impacting the Nation Act, requires the Executive Office of the President to provide an inflation estimate for any major Executive order that would have a significant effect on the annual federal budget, defined as over $1 billion. The bill excludes emergency assistance, relief, or measures related to national security or international treaty obligations. The President, through the Director of the Office of Management and Budget and the Chair of the Council of Economic Advisers, must prepare and consider a statement estimating the inflationary impact of such Executive orders. The agencies must assist the President in carrying out this requirement, and the President must submit an annual report to Congress containing these inflation estimates.

Committee Categories

Government Affairs

Sponsors (11)

Last Action

Referred to the House Committee on Oversight and Reform. (on 07/13/2022)

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