# Plain Language Summary: Inflationary Impact Statements Bill

This resolution changes the internal rules that the House of Representatives follows when creating new laws. Specifically, it requires that whenever a House committee writes a report about a bill, they must include a detailed analysis of whether that bill could cause inflation—meaning higher prices for everyday goods and services.

Right now, when Congress considers new legislation, committees prepare reports explaining what the bill does. This resolution adds a new requirement: those reports must now include a specific section analyzing whether the bill might make things more expensive for regular people. The analysis needs to address two things: whether the bill could cause inflation in the overall economy, and if so, how that inflation might specifically hurt the purchasing power of low- and middle-income families. In other words, would this bill make it harder for average Americans to afford groceries, rent, gas, and other necessities?

The practical effect is that lawmakers and the public would have more information about the potential cost of new legislation before it gets voted on. Supporters of this rule change argue it helps ensure Congress thinks carefully about whether new laws might accidentally drive up prices. Critics might worry it could slow down the legislative process or be used to block bills by exaggerating inflation concerns. Either way, the change is primarily about transparency—making sure that inflation's impact on everyday people is part of the conversation when Congress considers new bills.

Amending the Rules of the House of Representatives to require inflationary impact statements in committee reports.

Banks, Jim

 <p>This resolution requires an analytical statement to be included in committee reports on whether, and the extent to which, the increased budget authority, outlays, or revenue produced by the enactment of a bill or joint resolution may have an inflationary impact on prices and costs in the operation of the national economy and the purchasing power of low- and middle-income families. </p>