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Food and Energy Security Act: Protecting Against Price Hikes.

This act aims to protect citizens from rising food, electricity, and fuel prices. It requires government agencies to analyze the impact of new regulations on these prices and prohibits implementing rules that could increase them, especially during high inflation. This ensures stability in living costs.
Key points
Government agencies must assess how new regulations will affect food, electricity, and fuel prices, providing detailed forecasts for 1, 3, 5, and 10 years.
Implementing regulations that could increase food, electricity, or fuel prices is prohibited if inflation exceeds 4.5%.
The act aims to prevent actions that could raise living costs related to basic necessities like food and energy.
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Additional Information
Print number: 117_S_4610
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2022-07-26