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Requirement for Inflation Impact Analysis on New House Bills

This resolution changes House rules to require committees to analyze and report on how new bills might affect inflation and the purchasing power of low- and middle-income families. The goal is to provide better information on potential economic consequences before laws are passed.
Key points
Requires House committees to include a detailed analysis of potential inflationary impact in their reports on bills.
The analysis must assess how much a bill might increase prices and costs in the economy.
The report must also state how the inflationary impact would affect the purchasing power of low- and middle-income families.
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Expired
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Additional Information
Print number: 117_HRES_492
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2021-06-23
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Amending the Rules of the House of Representatives to require inflationary impact statements in committee reports.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HRES_492.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-23.

What are the main provisions?

Key points include:

  • Requires House committees to include a detailed analysis of potential inflationary impact in their reports on bills.
  • The analysis must assess how much a bill might increase prices and costs in the economy.
  • The report must also state how the inflationary impact would affect the purchasing power of low- and middle-income families.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Banks, Jim [R-IN-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Rules.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy