arrow_back Back to App

Inflation Impact Reports for New Government Spending

New rules require Congress to receive a report on the potential inflation impact of certain government spending bills before they are approved. This aims to provide a clearer understanding of how new expenditures might affect prices of goods and services and the purchasing power of money, directly impacting citizens' wallets.
Key points
Mandatory inflation impact reports for legislation involving government spending.
Analysis of effects on the Consumer Price Index (CPI) and consumer purchasing power.
Aims to increase transparency and awareness of the financial consequences of legislative decisions.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3634
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2022-02-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

PRICE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3634.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-02-10.

What are the main provisions?

Key points include:

  • Mandatory inflation impact reports for legislation involving government spending.
  • Analysis of effects on the Consumer Price Index (CPI) and consumer purchasing power.
  • Aims to increase transparency and awareness of the financial consequences of legislative decisions.
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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Public Investments