Assessing Presidential Orders' Inflation Impact
New legislation mandates that significant presidential executive orders, those potentially impacting the national budget by over a billion dollars annually, must undergo an inflation impact assessment before implementation. This aims to enhance transparency and public awareness regarding the potential costs citizens might face due to government decisions. Annually, the President will be required to submit reports on these assessments to Congress.
Key points
Major executive orders will require an inflation impact assessment before they are issued.
Citizens can expect greater transparency on how government decisions might affect the prices of goods and services.
Annual reports on the inflation impact of executive orders will be publicly available, fostering a better understanding of government actions.
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