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US S4598

US S4598
Reduce Exacerbated Inflation Negatively Impacting the Nation Act


summary

Introduced
07/21/2022
In Committee
07/21/2022
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 President, acting through the Director of the Office of Management and Budget (OMB) and the Chair of the Council of Economic Advisers, to prepare and consider a statement estimating the inflationary effects of any major executive order, defined as an order that would be projected to cause an annual gross budgetary effect of at least $1 billion. The bill requires the President to submit an annual report to Congress containing these inflation estimates. The bill also requires agencies to provide the necessary information and assistance to the President in carrying out these provisions.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 07/21/2022)

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