Inflation Prevention Act

Summary

Inflation Prevention Act This bill establishes a point of order that, when the annualized rate of inflation exceeds 4.5%, prohibits the Senate from considering legislation that provides new budget authority and is estimated to result in an increase to the rate of inflation. The prohibition may be waived by an affirmative vote of three-fifths of the Senate.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 12 January 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 12 January 2022

   Introduced

   Read twice and referred to the Committee on Rules and Administration.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 12 January 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 12 January 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 12 January 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 12 January 2022

  Open at official source

Sponsors

• Tim Scott · R · Sponsor
• John Thune · R · Sponsor
• Joni Ernst · R · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• James Lankford · R · Sponsor
• Chuck Grassley · R · Sponsor
• John Hoeven · R · Sponsor
• Rick Scott · R · Sponsor
• Bill Hagerty · R · Sponsor
• Todd Young · R · Sponsor
• Steve Daines · R · Sponsor
• Kevin Cramer · R · Cosponsor
• Deb Fischer · R · Cosponsor
• Sen. Toomey, Patrick [R-PA] · R · Cosponsor
• · ssra00 · Standing

Related records

• related to ← Inflation Prevention Act