S 3495 United States Senate · 117th Congress

Inflation Prevention Act

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2022

Committee Review

Floor Vote

President

Introduced Jan 12, 2022 Last action Jan 12, 2022

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

2

Key actions

0

Committee

1

Jan 12, 2022

Committee

Read twice and referred to the Committee on Rules and Administration.

upper

Jan 12, 2022

Introduced

Introduced in Senate

upper

1 primary · 13 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Patrick J. Toomey