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Higher Vote Threshold for Spending Bills During High Inflation

This proposal aims to make it harder to approve large government spending during periods of high inflation. If inflation exceeds 4%, budget bills will require a two-thirds vote in the Senate instead of a simple majority. This is intended to protect the value of money and citizens' financial stability.
Key points
Increases the required votes in the Senate for approving budget bills when inflation is high.
Applies when the Consumer Price Index increase exceeds 4% over a 12-month period.
Aims to curb government spending that could contribute to rising inflation.
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Status:
Expired
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Additional Information
Print number: 117_SRES_478
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2021-12-14