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Inflation Prevention Act: New Public Spending Rules

This act aims to curb price increases by introducing new rules for Congress. If inflation exceeds 4.5%, new public spending that could increase it will be blocked. This is intended to protect citizens' purchasing power.
Key points
Establishes a rule that Congress cannot approve new spending that would increase inflation if the annual consumer price increase exceeds 4.5%.
The Congressional Budget Office will assess the inflationary impact of proposed spending and inform Congress.
This rule aims to prevent further price increases and protect the value of citizens' savings.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_252
Sponsor: Rep. Garcia, Mike [R-CA-27]
Process start date: 2023-01-10
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Inflation Prevention Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_252.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-10.

What are the main provisions?

Key points include:

  • Establishes a rule that Congress cannot approve new spending that would increase inflation if the annual consumer price increase exceeds 4.5%.
  • The Congressional Budget Office will assess the inflationary impact of proposed spending and inform Congress.
  • This rule aims to prevent further price increases and protect the value of citizens' savings.
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 Rep. Garcia, Mike [R-CA-27].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Public Investments