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PRICE Act: Government Spending Control Amidst Inflation

This act aims to limit increases in government spending if inflation exceeds 3%. This means new bills that would increase outlays would be harder to pass, potentially affecting price stability and the purchasing power of citizens' money.
Key points
Establishes a rule preventing the Senate from considering bills that increase outlays if inflation is above 3%.
The goal is to prevent further price increases by controlling public spending.
The rule can only be waived by a three-fifths vote of senators.
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Status:
Expired
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Additional Information
Print number: 117_S_3770
Sponsor: Sen. Lee, Mike [R-UT]
Process start date: 2022-03-07
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

PRICE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3770.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-07.

What are the main provisions?

Key points include:

  • Establishes a rule preventing the Senate from considering bills that increase outlays if inflation is above 3%.
  • The goal is to prevent further price increases by controlling public spending.
  • The rule can only be waived by a three-fifths vote of senators.
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. Lee, Mike [R-UT].

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.

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 Public Investments