HR 347 United States House · 118th Congress

Reduce Exacerbated Inflation Negatively Impacting the Nation Act

This bill requires the President to assess the inflation impact of major executive orders before issuing them. For any executive order projected to cost at least $1 billion annually in budget effects (excluding emergency relief, national security actions, or treaty implementation), the President must prepare a statement estimating its effect on inflation - whether it has no impact, quantifiable impact, or significant but undeterminable impact. Federal agencies must provide necessary data to support this assessment, and the President must submit an annual report to Congress detailing all such assessments. The bill does not change inflation policy but mandates a new procedural review for major executive actions.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2023

Committee Review

Mar 2023

House Passage

Mar 2023

Senate Passage

President

Introduced Jan 12, 2023 Last action Mar 6, 2023

Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House → Engrossed in House · 8 edits · Mar 1, 2023

MODERATE

The Engrossed version of HR 347 significantly broadens the scope of executive orders subject to inflation impact analysis by lowering the threshold from $1 billion to $1 million and expanding it to cover 'economic effects' in addition to budgetary effects. It also adds new analytical requirements including producer price index impacts, debt servicing costs, CPI category disaggregation, and consideration of rural and military spending patterns. Reporting obligations were expanded to include public website publication and additional congressional committees.

Scope change

The bill's scope expanded dramatically. The threshold for triggering inflation impact analysis dropped from $1 billion to $1 million in annual gross budgetary or economic effect, meaning far more executive orders will now be subject to the requirement. The analytical requirements also broadened to cover producer prices, debt servicing costs, and specific demographic spending patterns.

SCOPE

The threshold for a 'major Executive order' was lowered from $1,000,000,000 (one billion) to $1,000,000 (one million), expanding the number of executive orders subject to inflation impact analysis by a factor of 1,000.

DEFINITION

The definition of 'major Executive order' was changed from requiring an annual gross 'budgetary effect' to requiring an annual gross 'budgetary or economic effect,' broadening what types of impacts trigger the requirement.

REQUIREMENT

Inflation impact statements must now incorporate the inflationary impact of debt servicing costs associated with the applicable executive order.

The scope of price index analysis was expanded from only the consumer price index to include the producer price index, with a requirement for a detailed description of such impact.

A new subsection (2) requires that if an executive order has quantifiable CPI impact, the statement must disaggregate that impact by Food, Energy, and All Items Less Food and Energy categories as determined by the Secretary of Labor in consultation with the BLS Commissioner.

Estimates must to the greatest extent practicable take into account spending patterns of military personnel and residents of non-metropolitan areas, including rural areas and farm households.

ENFORCEMENT

Reporting requirements were expanded: reports must now be published on OMB's public website (not just submitted to committees), and two additional committees receive the report - the Senate Committee on Homeland Security and Governmental Affairs and the House Committee on Oversight and Accountability.

TECHNICAL

A new 'rule of construction' subsection was added stating that combating inflation is not solely the responsibility of the Executive Office of the President but also a key pursuit of the House during the 118th Congress, which is a political statement with no legal effect on the bill's operative provisions.

Floor votes · House Mar 1, 2023

How they voted

272–148

Passed · 14 other

Total votes 434

Mar 1, 2023

D Democratic212

59 Yea 144 Nay 9

67% Nay

I Independent1

1 Yea

100% Yea

R Republican221

212 Yea 4 Nay 5

95% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 1, 2023

Lower · Passed

On passage Passed by recorded vote: 272 - 148 (Roll no. 131).

lower

Mar 1, 2023

Lower · Passed

Passed/agreed to in House: On passage Passed by recorded vote: 272 - 148 (Roll no. 131).

lower

Mar 1, 2023

Lower · Passed

The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.

lower

Mar 1, 2023

Lower · Passed

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 347.

lower

Mar 1, 2023

Introduced

UNFINISHED BUSINESS - The Chair announced that the unfinished business was on the question of agreeing to the amendments, which had been debated earlier and on which further proceedings had been postponed.

lower

Mar 1, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Yakym amendment No. 15.

lower

Mar 1, 2023

Introduced

POSTPONED PROCEEDINGS - At the conclusion of debate on the Roy amendment No. 14, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

lower

Mar 1, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Roy amendment No. 14.

lower

Mar 1, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 13.

lower

Mar 1, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 12.

lower

Mar 1, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Omar amendment No. 11.

lower

Mar 1, 2023

Lower · Passed

The House resolved into Committee of the Whole House on the state of the Union for further consideration.

lower

Feb 28, 2023

Lower · Passed

Committee of the Whole House on the state of the Union rises leaving H.R. 347 as unfinished business.

lower

Feb 28, 2023

Lower · Passed

On motion that the Committee rise Agreed to by voice vote.

lower

Feb 28, 2023

Lower · Passed

Mr. Langworthy moved that the Committee rise.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Langworthy amendment No. 10.

lower

Feb 28, 2023

Introduced

POSTPONED PROCEEDINGS - At the conclusion of debate on the Lee (NV) amendment No. 9, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mrs. Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Lee (NV) amendment No. 9.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment No. 8.

lower

Feb 28, 2023

Introduced

POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee amendment No. 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Jackson Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment No. 7.

lower

Feb 28, 2023

Introduced

POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee amendment No. 6, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Jackson Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee amendment No. 6.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Cloud amendment No. 4.

lower

Feb 28, 2023

Introduced

POSTPONED PROCEEDINGS - At the conclusion of debate on the Bobert amendment No. 3, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mrs. Boebert demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Boebert amendment No. 3.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H. Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Comer amendment No. 2.

lower

Feb 28, 2023

Introduced

POSTPONED PROCEEDINGS - At the conclusion of debate on the Bost amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

lower

Feb 28, 2023

Lower · Passed

DEBATE - Pursuant to the provisions of H.Res. 166, the Committee of the Whole proceeded with 10 minutes of debate on the Bost amendment No. 1.

lower

Feb 28, 2023

Lower · Passed

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 347.

lower

Feb 28, 2023

Lower · Passed

The Speaker designated the Honorable Carol D. Miller to act as Chairwoman of the Committee.

lower

Feb 28, 2023

Lower · Passed

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 166 and Rule XVIII.

lower

Feb 28, 2023

Introduced

Rule provides for consideration of H.R. 347 and H.J. Res. 30. Provides for consideration of H.R. 347 and H.J. Res. 30 and one hour of debate on each measure. The rule makes in order amendments to H.R. 347 printed in the report and provides for one motion to recommit on each measure.

lower

Feb 27, 2023

Lower · Passed

Rules Committee Resolution H. Res. 166 Reported to House. Rule provides for consideration of H.R. 347 and H.J. Res. 30. Provides for consideration of H.R. 347 and H.J. Res. 30 and one hour of debate on each measure. The rule makes in order amendments to H.R. 347 printed in the report and provides for one motion to recommit on each measure.

lower

Jan 12, 2023

Committee

Referred to the House Committee on Oversight and Accountability.

lower

Jan 12, 2023

Introduced

Introduced in House

lower

1 primary · 21 co-sponsors