PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on the Budget.
Congressional Research Service
Version 00 · Introduced in Senate · Mar 7, 2024
Informed Lawmaking to Combat Inflation Act
This bill requires the Congressional Budget Office to provide inflation estimates for certain legislation that is projected to cause an annual gross budgetary effect of at least 0.25% of the projected gross domestic product of the United States.
The estimates must include both the short-term and long-term inflationary effects of the legislation. Specifically, the estimates must determine whether the legislation will have
no significant impact on inflation,
a quantifiable inflationary impact on the consumer price index or the personal consumption expenditure index, or
a significant impact on inflation that cannot be quantified at the time the estimate is prepared.
The requirement does not apply to legislation that (1) provides for emergency assistance or relief at the request of any state, local, or tribal government; or (2) is necessary for the national security or the ratification or implementation of international treaty obligations.
People & committees
Sen. Manchin, Joe, III [D-WV] · D–WV
Legislative record
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Read twice and referred to the Committee on the Budget.
Introduced in Senate
Primary sources
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Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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