Consumer Price Information Act of 2026
Consumer Price Information: New Disclosure Requirements for Federal Rules
This bill was recently introduced and is currently being reviewed by the House Committee on the Judiciary. It is in the early stages of the lawmaking process and is considered active. There are no upcoming votes or hearings scheduled at this time.
Legislative Progress
While the bill focuses on a popular topic like consumer prices, many bills that add administrative requirements for agencies fail to move past the committee stage without broad support.
Key Points
- This bill would require federal agencies to create a report called a Consumer Price Information Statement whenever they propose a major new regulation. This report must explain if the new rule will make everyday items more expensive or cheaper for regular people.
- The reports would specifically look at the costs of essential needs like groceries, gas, electricity, rent, and healthcare. Agencies would have to explain how they reached their conclusions and what data they used to make their predictions.
- The bill focuses on how price changes might hurt specific groups of people more than others. This includes low income families, senior citizens, and people living in rural areas who might have fewer options for shopping or services.
- Agencies would be required to post these price reports on their websites and in official government records at the same time they propose a new regulation. This is meant to give the public a clearer picture of the financial impact of government decisions before they happen.
- No new taxpayer money would be given to agencies to write these reports. They would have to use their existing budgets to complete the extra work starting 60 days after the bill becomes law.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on the Judiciary.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Consumer Price Information Act of 2026
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.