diff --git a/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts b/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts
index 1127e91029..690e54607b 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts
@@ -36,6 +36,7 @@ import {
   inferReactivePlaces,
   inferReferenceEffects,
   inlineImmediatelyInvokedFunctionExpressions,
+  inferEffectDependencies,
 } from '../Inference';
 import {
   constantPropagation,
@@ -353,6 +354,10 @@ function* runWithEnvironment(
     name: 'PropagateScopeDependenciesHIR',
     value: hir,
   });
+  
+  if (env.config.EXPERIMENTAL_inferEffectDependencies) {
+    inferEffectDependencies(env, hir);
+  }
 
   if (env.config.inlineJsxTransform) {
     inlineJsxTransform(hir, env.config.inlineJsxTransform);
diff --git a/compiler/packages/babel-plugin-react-compiler/src/Inference/InferEffectDependencies.ts b/compiler/packages/babel-plugin-react-compiler/src/Inference/InferEffectDependencies.ts
new file mode 100644
index 0000000000..45af5bb5ac
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/Inference/InferEffectDependencies.ts
@@ -0,0 +1,60 @@
+import { ArrayExpression, Effect, Environment, FunctionExpression, GeneratedSource, HIRFunction, IdentifierId, Instruction, isUseEffectHookType, makeInstructionId } from "../HIR";
+import { createTemporaryPlace } from "../HIR/HIRBuilder";
+
+export function inferEffectDependencies(
+    env: Environment,
+    fn: HIRFunction,
+  ): void {
+    const fnExpressions = new Map<IdentifierId, FunctionExpression>();
+    for (const [, block] of fn.body.blocks) {
+      for (const instr of block.instructions) {
+        const {value, lvalue} = instr;
+        if (
+          value.kind === 'FunctionExpression'
+        ) {
+          fnExpressions.set(lvalue.identifier.id, value)
+        }    
+      }
+    }
+    
+    for (const [, block] of fn.body.blocks) {
+      let newInstructions = [...block.instructions];
+      let addedInstrs = 0;
+      for (const [idx, instr] of block.instructions.entries()) {
+        const {value} = instr;
+  
+        /*
+         * This check is not final. Right now we only look for useEffects without a dependency array.
+         * This is likely not how we will ship this feature, but it is good enough for us to make progress
+         * on the implementation and test it. 
+         */
+        if (
+          value.kind === 'CallExpression' &&
+          isUseEffectHookType(value.callee.identifier) &&
+          value.args[0].kind === 'Identifier' &&
+          value.args.length === 1
+        ) {
+          const fnExpr = fnExpressions.get(value.args[0].identifier.id);
+          if (fnExpr != null) {
+            const deps: ArrayExpression = {
+              kind: "ArrayExpression",
+              elements: [...fnExpr.loweredFunc.dependencies],
+              loc: GeneratedSource
+            };
+            const depsPlace = createTemporaryPlace(env, GeneratedSource);
+            depsPlace.effect = Effect.Read;
+            const newInstruction: Instruction = {
+              id: makeInstructionId(0),
+              loc: GeneratedSource,
+              lvalue: depsPlace,
+              value: deps,
+            };
+            newInstructions.splice(idx + addedInstrs, 0, newInstruction);
+            addedInstrs++;
+            value.args[1] = depsPlace;
+          }
+        }
+      }
+      block.instructions = newInstructions;
+    }
+  }
diff --git a/compiler/packages/babel-plugin-react-compiler/src/Inference/index.ts b/compiler/packages/babel-plugin-react-compiler/src/Inference/index.ts
index ee76a37bcb..93b99fb385 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/Inference/index.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/Inference/index.ts
@@ -11,3 +11,4 @@ export {inferMutableRanges} from './InferMutableRanges';
 export {inferReactivePlaces} from './InferReactivePlaces';
 export {default as inferReferenceEffects} from './InferReferenceEffects';
 export {inlineImmediatelyInvokedFunctionExpressions} from './InlineImmediatelyInvokedFunctionExpressions';
+export {inferEffectDependencies} from './InferEffectDependencies';
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/infer-effect-dependencies.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/infer-effect-dependencies.expect.md
new file mode 100644
index 0000000000..30143e1cc0
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/infer-effect-dependencies.expect.md
@@ -0,0 +1,86 @@
+
+## Input
+
+```javascript
+// @inferEffectDependencies
+const nonreactive = 0;
+
+function Component({foo, bar}) {
+  useEffect(() => {
+    console.log(foo);
+    console.log(bar);
+    console.log(nonreactive);
+  });
+  
+  useEffect(() => {
+    console.log(foo);
+    console.log(bar?.baz);
+    console.log(bar.qux);
+  });
+  
+  function f() {
+    console.log(foo);
+  }
+  
+  useEffect(f);
+  
+}
+
+```
+
+## Code
+
+```javascript
+import { c as _c } from "react/compiler-runtime"; // @inferEffectDependencies
+const nonreactive = 0;
+
+function Component(t0) {
+  const $ = _c(8);
+  const { foo, bar } = t0;
+  let t1;
+  if ($[0] !== foo || $[1] !== bar) {
+    t1 = () => {
+      console.log(foo);
+      console.log(bar);
+      console.log(nonreactive);
+    };
+    $[0] = foo;
+    $[1] = bar;
+    $[2] = t1;
+  } else {
+    t1 = $[2];
+  }
+  useEffect(t1, [foo, bar]);
+  let t2;
+  if ($[3] !== foo || $[4] !== bar) {
+    t2 = () => {
+      console.log(foo);
+      console.log(bar?.baz);
+      console.log(bar.qux);
+    };
+    $[3] = foo;
+    $[4] = bar;
+    $[5] = t2;
+  } else {
+    t2 = $[5];
+  }
+  useEffect(t2, [foo, bar, bar.qux]);
+  let t3;
+  if ($[6] !== foo) {
+    t3 = function f() {
+      console.log(foo);
+    };
+    $[6] = foo;
+    $[7] = t3;
+  } else {
+    t3 = $[7];
+  }
+  const f = t3;
+
+  useEffect(f);
+}
+
+```
+      
+### Eval output
+(kind: exception) Fixture not implemented
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/infer-effect-dependencies.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/infer-effect-dependencies.js
new file mode 100644
index 0000000000..86766641f0
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/infer-effect-dependencies.js
@@ -0,0 +1,24 @@
+// @inferEffectDependencies
+const nonreactive = 0;
+
+function Component({foo, bar}) {
+  useEffect(() => {
+    console.log(foo);
+    console.log(bar);
+    console.log(nonreactive);
+  });
+  
+  useEffect(() => {
+    console.log(foo);
+    console.log(bar?.baz);
+    console.log(bar.qux);
+  });
+  
+  function f() {
+    console.log(foo);
+  }
+  
+  // No inferred dep array, the argument is not a lambda
+  useEffect(f);
+  
+}