Should Congress require the Executive Office of the Presidency to provide inflation estimates for Executive Orders?

This bill has Passed the House of Representatives
Bill Summary

This bill requires the Executive Office of the President to provide inflation estimates for Executive Orders that are projected to significantly impact the annual budget. This estimation must determine whether the order will have a significant impact on inflation, an inflationary impact on the consumer price index, or an impact on inflation that cannot be quantified at the time. Sponsor: Rep. Elise Stefanik (Republican, New York, District 21)
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Opponents say

  At the time of research and publication, no official opponent statements were found. This does not necessarily mean that nobody opposes the bill, nor does it mean that statements won’t be made in the future.

Proponents say

  "Every hardworking family is forced to pay more for almost everything due to Joe Biden’s failed economic policies. Instead of reversing course, Joe Biden and his administration have doubled down on their Far-Left tax and spend agenda that has continued to exacerbate this inflation crisis. As hardworking families in New York’s 21st District and across the nation are forced to pay the price for Democrats’ out-of-control spending, I am working to hold this administration accountable and rein in the policies that fuel devastating inflation, which is a tax on every family. Already, the new Republican majority is working to fulfill our commitment to America and create an economy that is strong, which begins with this critical check to rein in the Biden Administration’s reckless policies fueling inflation," Source: Rep. Elise Stefanik (Republican, New York, 21st District)


  "The new Republican House majority is committed to honoring the promise we made to the American people to stop the reckless spending that ignited and continues to fuel inflation, which has risen 14.3 percent since President Biden took office. That’s exactly why we’re fighting to hold President Biden accountable for his radical executive actions that will cost taxpayers over one trillion dollars and counting and has thrown more fuel on the inflation fire. I’m proud to join Republican Conference Chair Elise Stefanik and Financial Services Chairman Patrick McHenry in introducing this legislation to require some much-needed transparency on the hidden costs being passed on to working families because of Joe Biden’s executive actions." Source: Rep. Jason Smith (Republican, Missouri, 8th District)