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Inflation Prevention Act: Controlling Government Spending to Curb Price Hikes

This act aims to limit price increases by setting special rules for new government spending. If inflation exceeds 4.5%, it will be harder for Congress to approve new programs that could raise prices. This is intended to protect citizens' purchasing power.
Key points
New government spending will be blocked if inflation exceeds 4.5%, unless Congress votes otherwise with a 3/5 majority.
The Congressional Budget Office (CBO) will assess whether proposed spending could increase inflation.
The CBO will notify Congress when inflation exceeds the set level, triggering new spending rules.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6485
Sponsor: Rep. Garcia, Mike [R-CA-25]
Process start date: 2022-01-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Inflation Prevention Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6485.

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 2022-01-25.

What are the main provisions?

Key points include:

  • New government spending will be blocked if inflation exceeds 4.5%, unless Congress votes otherwise with a 3/5 majority.
  • The Congressional Budget Office (CBO) will assess whether proposed spending could increase inflation.
  • The CBO will notify Congress when inflation exceeds the set level, triggering new spending rules.
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. Garcia, Mike [R-CA-25].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Public Investments