Senate Bill 3770
117th Congress(2021-2022)
PRICE Act
Introduced
Introduced in Senate on Mar 7, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3770
Congress
117
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
No Senate votes have been held for this bill.
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.
March 7, 2022
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03/07/2022
Read twice and referred to the Committee on the Budget.
03/07/2022
Introduced in Senate
Public Record
Record Updated
Dec 29, 2022 10:33:33 PM