H.R. 6485 · 117th Congress
Inflation Prevention Act
- Stage
- In committee
- Sponsor
- Mike Garcia
- Introduced
- 2022-01-25
- Latest action
- 2022-01-25 · Introduced in House
Summary
Inflation Prevention Act
This bill establishes a point of order that, when the annualized rate of inflation exceeds 4.5%, prohibits the House and 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 in the Senate by an affirmative vote of three-fifths of the Senate.