S. 3495 · 117th Congress
Inflation Prevention Act
- Stage
- In committee
- Sponsor
- Tim Scott
- Introduced
- 2022-01-12
- Latest action
- 2022-01-12 · Introduced in Senate
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.