To create a point of order against spending that will increase inflation unless inflation is not greater than 4.5 percent, and for other purposes.
Inflation Prevention Act
This bill establishes a point of order that, when the annualized rate of inflation exceeds 4.5%, prohibits the House and Senate from considering legislation that provides new budget authority and is estimated to result in an increase to the rate of inflation. The prohibition may be waived in the Senate by an affirmative vote of three-fifths of the Senate.
Read twice and referred to the Committee on Rules and Administration.
Introduced in House
Introduced in House
Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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