PRICE Act

Summary

Preventing Runaway Inflation in Consumer Expenditures Act or the PRICE Act This bill establishes a point of order that prohibits the Senate from considering legislation that would cause a net increase in outlays unless the Congressional Budget Office certifies that inflation is below 3%. The point of order 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. 7 March 2022

   Introduced

   Read twice and referred to the Committee on the Budget.

   Source: IntroReferral

2. 7 March 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 7 March 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 March 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 March 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 March 2022

  Open at official source

Sponsors

• Mike Lee · R · Sponsor
• Rick Scott · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Cosponsor
• · ssbu00 · Standing

Related records

• related to ← A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2023 and setting forth the appropriate budgetary levels for fiscal years 2024 through 2032.