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Mandatory Inflation Assessment for Major Legislation

This act requires the Congressional Budget Office to assess the inflationary impact of major legislative proposals. This aims to help Congress make more informed decisions that could affect the prices of goods and services, and thus citizens' purchasing power.
Key points
Introduces mandatory inflation assessment for legislation with a significant impact on the U.S. economy.
The Congressional Budget Office will determine if legislation has an inflationary impact or not.
Without such an assessment, major legislation cannot be considered by the Senate or House of Representatives.
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Status:
Expired
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Additional Information
Print number: 117_HR_6629
Sponsor: Rep. Katko, John [R-NY-24]
Process start date: 2022-02-07
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Informed Lawmaking to Combat Inflation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6629.

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 2022-02-07.

What are the main provisions?

Key points include:

  • Introduces mandatory inflation assessment for legislation with a significant impact on the U.S. economy.
  • The Congressional Budget Office will determine if legislation has an inflationary impact or not.
  • Without such an assessment, major legislation cannot be considered by the Senate or House of Representatives.
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. Katko, John [R-NY-24].

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law