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    <introducedDate>2023-05-24</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 88 (Wednesday, May 24, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mrs. HINSON:H.R. 3640.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18The single subject of this legislation is:To amend Part A of title IV of the Congressional Budget andImpoundment Control Act of 1974 to direct the CongressionalBudget Office to perform inflation forecasting prior to theconsideration of major legislation in Congress, and toestablish Congressional procedures for the consideration ofsuch major legislation.[Page H2597]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>Informed Lawmaking to Combat Inflation Act</title>
        <congress>118</congress>
        <number>3895</number>
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          <actionDate>2024-03-07</actionDate>
          <text>Read twice and referred to the Committee on the Budget.</text>
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        <actionDate>2023-05-24</actionDate>
        <text>Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <fullName>Rep. Hinson, Ashley [R-IA-2]</fullName>
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        <party>R</party>
        <state>IA</state>
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        <bioguideId>N000194</bioguideId>
        <fullName>Rep. Nickel, Wiley [D-NC-13]</fullName>
        <firstName>Wiley</firstName>
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        <party>D</party>
        <state>NC</state>
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        <fullName>Rep. Finstad, Brad [R-MN-1]</fullName>
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        <lastName>Finstad</lastName>
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        <state>MN</state>
        <district>1</district>
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        <bioguideId>C001063</bioguideId>
        <fullName>Rep. Cuellar, Henry [D-TX-28]</fullName>
        <firstName>Henry</firstName>
        <lastName>Cuellar</lastName>
        <party>D</party>
        <state>TX</state>
        <district>28</district>
        <sponsorshipDate>2023-05-24</sponsorshipDate>
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      <name>Economics and Public Finance</name>
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          <text>&lt;p&gt;&lt;b&gt;Informed Lawmaking to Combat Inflation Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Congressional Budget Office to provide inflation estimates for certain legislation that provides for direct spending and is projected to cause an annual gross budgetary effect of at least 0.25% of the projected gross domestic product of the United States.&lt;/p&gt; &lt;p&gt;The estimates must determine whether the legislation will have&lt;/p&gt; &lt;ul&gt; &lt;li&gt;no significant impact on inflation, &lt;/li&gt; &lt;li&gt;a quantifiable inflationary impact on the consumer price index, or &lt;/li&gt; &lt;li&gt;a significant impact on inflation that cannot be quantified at the time the estimate is prepared.&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;The requirement does not apply to legislation that (1) provides for emergency assistance or relief at the request of any state, local, or tribal government; or (2) is necessary for the national security or the ratification or implementation of international treaty obligations.&lt;/p&gt;</text>
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    <title>Informed Lawmaking to Combat Inflation Act</title>
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        <title>Informed Lawmaking to Combat Inflation Act</title>
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        <title>Informed Lawmaking to Combat Inflation Act</title>
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        <title>To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide an inflation estimate with respect to direct spending legislation with a significant impact on the Gross Domestic Product of the United States, and for other purposes.</title>
        <updateDate>2024-03-18T20:53:25Z</updateDate>
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        <date>2023-05-24T04:00:00Z</date>
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    <latestAction>
      <actionDate>2023-05-24</actionDate>
      <text>Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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