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Food and Energy Security: Financial Regulators Must Assess Price Impact

This Act aims to protect citizens from rising food, electricity, and fuel prices potentially caused by new financial regulations. It mandates federal regulators to provide a detailed analysis of how proposed rules will affect these prices over a 10-year period. Crucially, if consumer inflation is high (above 4.5%), regulators are prohibited from implementing rules that would increase costs in the agriculture or energy sectors, safeguarding household budgets from further price hikes.
Key points
Mandatory Price Analysis: Financial regulators (e.g., Fed, SEC) must estimate in detail how new rules will impact food, electricity, and fuel prices over 1, 3, 5, and 10 years.
Protection Against Price Increases: If the consumer inflation rate exceeds 4.5%, regulators are prohibited from implementing any new rules that are estimated to increase food, electricity, or fuel prices.
Scope of Regulation: This applies to rules that directly or indirectly affect capital access and investments in businesses related to agriculture, food production, energy (including biofuels), and their supply chains.
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Additional Information
Print number: 118_S_415
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2023-02-14
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OFFICIAL LEGAL TITLE

Food and Energy Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_415.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-14.

What are the main provisions?

Key points include:

  • Mandatory Price Analysis: Financial regulators (e.g., Fed, SEC) must estimate in detail how new rules will impact food, electricity, and fuel prices over 1, 3, 5, and 10 years.
  • Protection Against Price Increases: If the consumer inflation rate exceeds 4.5%, regulators are prohibited from implementing any new rules that are estimated to increase food, electricity, or fuel prices.
  • Scope of Regulation: This applies to rules that directly or indirectly affect capital access and investments in businesses related to agriculture, food production, energy (including biofuels), and their supply chains.
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. Thune, John [R-SD].

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 2025-12-26.

CATEGORIES

Economy Agriculture