This bill requires federal agencies to publish a Consumer Price Information Statement whenever they issue a "major rule." The statement must describe how the rule might affect consumer prices for energy (electricity, gasoline, natural gas), food and groceries, housing and utilities, transportation, and health care and insurance. It must identify groups that could be more sensitive to price changes (low-income households, seniors, and rural communities), note any regional differences, and summarize the methods and assumptions used. Statements must be published in the Federal Register and on the issuing agency's website at the time the rule is proposed. The bill uses the existing legal definitions of "agency" and "major rule" in title 5, and it forbids any new appropriations for carrying out the requirement. The rule takes effect 60 days after enactment.
When a major federal rule is proposed, you should be able to find a plain summary of how the rule could affect prices for things like energy, food, housing, transportation, and health care. The statement will also say which groups and regions might be more affected and explain how the agency estimated the price effects. These statements will appear in the Federal Register and on the agency's website when the rule is published.
No publicly available information on estimated federal costs or savings. The bill states that no additional amounts are authorized to be appropriated; agencies must carry out the requirement using funds otherwise available to them.
The bill's findings say major rules can affect consumer prices and that clear, consistent information can improve public understanding, support informed policymaking, and promote transparency and trust in government decision-making.
No publicly available information.