,i #aagth ,,congress #b;d ,session ,h4 ,r4 #ibfc ,,in ,,the ,,house ,,of ,,representatives ,november #c1 #bjbb,mr4 ,clyde 7for himself1 ,mrs4 ,miller of ,illinois1 and ,mr4 ,comer7 introduced the following bill2 which was referred to the ,committee on ,oversight and ,reform1 and in addition to the ,committee on the ,judiciary1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to require the ,comptroller ,general of the ,united ,states to report on the impact of major rules on inflation and gross domestic product1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,expose ,biden's ,inflation1 ,deficits1 and ,economic ,neglect ,act of #bjbb or the ,expose ,,biden ,act4 #b4 ,comptroller ,general ,report on impact of major rules on inflation and gross domestic product 7a7 ,review 7#a7 ,in general ,beginning on the date described under paragraph 7#b71 the ,comptroller ,general of the ,united ,states shall review each major rule to determine the impact of each such rule on the economy of the ,united ,states1 including-- 7,a7 the impact of each such rule on-- 7i7 inflation in the ,united ,states2 and 7ii7 the gross domestic product of the ,united ,states2 and 7,b7 whether any such rule contributed to-- 7i7 an increase in inflation in the ,united ,states2 or 7ii7 a decline in the gross domestic product of the ,united ,states4 7#b7 ,timing of review ,the ,comptroller ,general shall begin conducting the review required by paragraph 7#a7 on-- 7,a7 the effective date1 if the ,director has issued two consecutive reports on the gross domestic product of the ,united ,states indicating a decline in such gross domestic product in the two quarters preceding the effective date2 or 7,b7 if the ,director has not issued two consecutive reports on the gross domestic product of the ,united ,states indicating a decline in such gross domestic product in the two quarters preceding the effective date1 whichever occurs first after the effective date3 7i7 ,the first date on which the ,director determines that the gross domestic product of the ,united ,states declined in the two quarters preceding such date4 7ii7 ,the publication date of the first monthly report published by the ,bureau of ,labor ,statistics that shows an increase of #e percent or greater in the ,consumer ,price ,index for ,all ,urban ,consumers 7,,cpi-,u7 over a #ab-month period4 7b7 ,report ,not later than #f months after the date on which the ,comptroller ,general begins conducting the review required by subsection 7a71 the ,comptroller ,general shall submit to the ,president1 ,committee on ,oversight and ,reform of the ,house of ,representatives1 and the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate a report on such review that includes-- 7#a7 a description of any impact of such rules on-- 7,a7 inflation in the ,united ,states2 and 7,b7 the gross domestic product of the ,united ,states2 and 7#b7 an identification of any such rule that the ,comptroller ,general determines contributed to-- 7,a7 an increase in inflation in the ,united ,states2 or 7,b7 a decline in the gross domestic product of the ,united ,states4 7c7 ,suspension of enforcement and promulgations of major rules during preparation of report ,during the period in which the ,comptroller ,general is preparing the report required by subsection 7b7-- 7#a7 no major rule may be enforced2 and 7#b7 no major rule may be promulgated4 7d7 ,rescission and promulgation of rules that contribute to decline in ,,gdp and inflation 7#a7 ,rescission of rules ,following the submission of the report under subsection 7b71 the head of each relevant ,federal agency shall permanently rescind any rule identified in the report as being shown to have contributed to-- 7,a7 an increase in inflation in the ,united ,states2 or 7,b7 a decline in the gross domestic product of the ,united ,states4 7#b7 ,replacement rules ,the head of a ,federal agency may not promulgate a rule to replace a rule rescinded under paragraph 7#a7 before the sunset date unless such head demonstrates to the ,comptroller ,general of the ,united ,states that such rule will not contribute to-- 7,a7 an increase in inflation in the ,united ,states2 or 7,b7 a decline in the gross domestic product of the ,united ,states4 7e7 ,definitions ,in this section3 7#a7 ,director ,the term ,director means the ,secretary of ,commerce1 acting through the ,director of the ,bureau of ,economic ,analysis4 7#b7 ,effective date ,the term effective date means the date of the enactment of this ,act4 7#c7 ,major rule ,the term major rule has the meaning given the term in section #hjd of title #e1 ,united ,states ,code1 except that such term does not include any rule issued before #ab3jj p4m41 ,january #bj1 #bjba4 7#d7 ,sunset date ,the term sunset date means the date that is three months after the first date after the effective date on which-- 7,a7 the ,director issues a report indicating that the gross domestic product of the ,united ,states has-- 7i7 increased in the two consecutive quarters preceding the date on which the ,director issues the report2 and 7ii7 met or exceeded the gross domestic product for the quarter preceding such two consecutive quarters2 and 7,b7 the ,bureau of ,labor ,statistics publishes a monthly report that shows an increase of #b4e percent or less in the ,consumer ,price ,index for ,all ,urban ,consumers 7,,cpi-,u7 over a #ab-month period4