2023: Fitzpatrick Voted To Require The Biden Administration To Report
On The Estimated Inflationary Impact Of Any Executive Order Projected To
Have An Annual Gross Budgetary Or Economic Effect Of At Least $1
Million. In March 2023, according to Congressional Quarterly,
Fitzpatrick voted for the Reduce Exacerbated Inflation Negatively
Impacting the Nation Act, which would "require the White House, acting
through the Office of Management and Budget and the Council of Economic
Advisers, to prepare and consider a statement on the estimated
inflationary impact of any executive order projected to have an annual
gross budgetary or economic effect of at least $1 million. The bill
would direct each executive agency to provide assistance and information
as needed in preparing inflation statements. It would require the OMB
and CEA, within 180 days of enactment and annually thereafter, to submit
a report to Congress containing each inflation statement prepared during
the year. The bill's requirements would not apply to executive orders
that provide emergency relief at the request of a state or local
government or that are necessary for national security or implementing
international treaty obligations." The vote was on passage. The House
passed the bill by a vote of 272 to 148, thus the bill was sent to the
Senate. [House Vote 131,
3/1/23; Congressional
Quarterly, 3/1/23;
Congressional Actions, H.R.
347]
The Bill Was Designed To Critique Biden Administration Policies
That Republicans Claim Have Spurred Inflation And Required The
Administration To Evaluate Inflationary Impact Of Major Executive
Orders. According to Congressional Quarterly, "The House passed a
Republican-drafted messaging bill Wednesday designed to express
concern about Biden administration policies that backers said have
spurred inflation, with support from both sides of the aisle. The
bill (HR 347), sponsored by Republican Conference Chair Elise
Stefanik of New York, would require the administration to assess the
inflationary impact of major executive orders. No Democrats
co-sponsored the measure, but it ultimately passed on a 272-148 vote
with 59 Democrats crossing the aisle to support the bill."
[Congressional Quarterly,
3/1/23]
The Bill Would Require An Evaluation On Whether Executive Orders
Who Have Significant Impacts On Inflation Or Quantifiable Impact On
The Consumer Price Index. According to Congressional Quarterly,
"The legislation would direct the Office of Management and Budget
and the Council of Economic Advisers to assess whether those orders
would have 'no significant impact' on inflation or a 'quantifiable
impact on the consumer price index' or a 'significant impact' of
which the extent can't be immediately determined." [Congressional
Quarterly, 3/1/23]