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Main Subject: Economics and Public Finance

Reduce Exacerbated Inflation Negatively Impacting the Nation Act

This bill requires the Office of Management and Budget and the Council of Economic Advisers to provide an inflation estimate for each executive order that is projected to cause an annual gross budgetary effect of at least $1 billion.

The estimate must determine whether the executive order will have

no significant impact on inflation,
a quantifiable inflationary impact on the Consumer Price Index, or
a significant impact on inflation that cannot be quantified at the time the estimate is prepared.

The requirement does not apply to executive orders that (1) provide for emergency assistance or relief at the request of any state or local government or an official of the government, or (2) are necessary for national security or the ratification or implementation of international treaty obligations.

HRES166-118, S715-118,

Senate Actions

Calendars
Mar. 06 2023	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 23.
Mar. 02 2023	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

House floor actions Actions

Floor

Mar. 01
2023

Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by recorded vote: 272 - 148 (Roll no. 131).
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
The previous question was ordered pursuant to the rule.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 347.
UNFINISHED BUSINESS - The Chair announced that the unfinished business was on the question of agreeing to the amendments, which had been debated earlier and on which further proceedings had been postponed.
DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Yakym amendment No. 15.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Roy amendment No. 14, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Roy amendment No. 14.
DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 13.
DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 12.
DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Omar amendment No. 11.
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Considered as unfinished business. (consideration: CR H976-988)

Feb. 28
2023

Committee of the Whole House on the state of the Union rises leaving H.R. 347 as unfinished business.
On motion that the Committee rise Agreed to by voice vote.
Mr. Langworthy moved that the Committee rise.

Library of Congress Actions

Floor
Mar. 01 2023	Passed/agreed to in House: On passage Passed by recorded vote: 272 - 148 (Roll no. 131).

House bill HR347-118

To require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes.

House bill HR347-118

To require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes.

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