A bill to establish a point of order against legislation that would cause a net increase in outlays unless the Director of the Congressional Budget Office certifies that inflation is below 3 percent.
Preventing Runaway Inflation in Consumer Expenditures Act or the PRICE Act
This bill establishes a point of order that prohibits the Senate from considering legislation that would cause a net increase in outlays unless the Congressional Budget Office certifies that inflation is below 3%. The point of order may be waived by an affirmative vote of three-fifths of the Senate.
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 34 - 63. Record Vote Number: 265.
Introduced in Senate
Read twice and referred to the Committee on the Budget.
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