Inflation Prevention Act of 2023

The Inflation Prevention Act of 2023 (H.R. 252) would create a new procedural rule in Congress to limit government spending during periods of high inflation. If the annualized inflation rate exceeds 4.5%, the bill would prohibit the House and Senate from considering any legislation that provides new funding and is projected to increase the Consumer Price Index. For citizens, this means that during times of rising prices, new federal spending programs could be blocked or delayed unless the Senate reaches a three-fifths majority vote to waive the restriction.