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New rules for assessing presidential orders' inflation impact

This act requires an inflation impact estimate for significant presidential executive orders. This aims to help citizens understand how government decisions might affect the prices of goods and services, and thus their daily expenses. This information will be publicly available, increasing transparency in government actions.
Key points
The President must assess how major executive orders will impact inflation, including debt servicing costs.
Inflation estimates will consider spending patterns of military personnel and rural residents.
Information on inflation impact, including food and energy prices, will be published annually.
The act aims to increase government accountability for the economic impact of its decisions on citizens' lives.
article Official text account_balance Process page
VOTING RESULTS
2023-03-01
65%
For 272
Against 148
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_347
Sponsor: Rep. Stefanik, Elise M. [R-NY-21]
Process start date: 2023-01-12
Voting date: 2023-03-01
Meeting no: 1
Voting no: 131
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Reduce Exacerbated Inflation Negatively Impacting the Nation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_347.

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 2023-01-12.

What are the main provisions?

Key points include:

  • The President must assess how major executive orders will impact inflation, including debt servicing costs.
  • Inflation estimates will consider spending patterns of military personnel and rural residents.
  • Information on inflation impact, including food and energy prices, will be published annually.
  • The act aims to increase government accountability for the economic impact of its decisions on citizens' lives.
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

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Stefanik, Elise M. [R-NY-21].

What is the latest detailed status?

The latest detailed status is: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 23.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy