S. 3634: Providing Reports on Inflation Costs and Economic Impact Act

117th Congress · introduced 2022-02-10 · Economics and Public Finance · Latest: Read twice and referred to the Committee on Rules and Administration.

federal

Follow this bill, step by step

Where it came from: introduced 2022-02-10 · official record
Who proposed it: Sen. Ernst, Joni [R-IA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Rules and Administration. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Providing Reports on Inflation Costs and Economic Impact Act

Plain summary

Providing Reports on Inflation Costs and Economic Impact Act or the PRICE Act This bill establishes a point of order that prohibits the Senate from considering legislation that provides discretionary appropriations unless a Congressional Budget Office (CBO) report regarding the impact of the legislation on inflation has been submitted for publication in the Congressional Record. The CBO report must include an analysis of the impact the legislation would have on the Consumer Price Index for all Urban Consumers, the Employment Cost Index for private industry workers, and the purchasing power of consumers. The point of order may be waived or suspended by an affirmative vote of three-fifths of the Senate.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Providing Reports on Inflation Costs and Economic Impact Act

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Ernst, Joni [R-IA] · 5 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Chuck Grassley (R-IA), Bill Hagerty (R-TN), Rick Scott (R-FL), Marsha Blackburn (R-TN)

Sponsor's campaign money: Sen. Ernst, Joni [R-IA] reported raising $2.0 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
CBO cost estimate: The Congressional Budget Office's estimate of how a federal bill would change government spending and revenue. CBO is nonpartisan.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s3634.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>

Record fed-us-cong117-s3634 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117