Inflation Prevention Act of 2023

HR 252, the Inflation Prevention Act of 2023, would require Congress to block any new spending bill or amendment that could increase inflation above 4.5%, as measured by the Consumer Price Index (CPI). If current inflation exceeds 4.5%, the bill would prevent consideration of new spending measures unless a three-fifths Senate supermajority votes to override the rule. The Congressional Budget Office (CBO) would estimate the inflation impact of proposed spending and notify Congress if inflation rises above 4.5%. This rule applies to all spending bills, amendments, and conference reports in both the House and Senate, directly affecting how Congress processes budget-related legislation. The bill focuses on procedural rules for spending decisions, not on specific policies or affected groups.