1. Short title This Act may be cited as the Informed Lawmaking to Combat Inflation Act . 2. Legislative mandated inflation accountability and reform (a) In general Part A of title IV of the Congressional Budget and Impoundment Control Act of 1974 is amended by adding at the end the following: 407. Mandatory inflation forecasting (a) Definitions In this section— (1) the term Director means the Director of the Congressional Budget Office; and (2) the term major legislation means any bill or joint resolution, or amendment thereto or conference report thereon, that provides for direct spending and would be projected (in a conventional cost estimate) to cause an annual gross budgetary effect of at least 0.25 percent of projected Gross Domestic Product of the United States, but does not include any such measure that— (A) provides for emergency assistance or relief at the request of any State, local, or tribal government or any official of a State, local, or tribal government