Cost-of-living Emergency Act
Rep. Deluzio Introduces the Cost-of-living Emergency Act to Fight High Prices
The Cost-of-living Emergency Act is currently in the early stages of the legislative process. It has been sent to several House committees for review and is waiting for further action. The bill is considered active but has not yet been scheduled for a vote.
Part of: story →Legislative Progress
While the bill addresses a major concern for voters, it faces a very difficult path because it gives the government broad new powers over private businesses that many lawmakers oppose.
Key Points
Impact Analysis
Personal Impact
Life & Work
Farmers and ranchers face a mixed picture. On one hand, they could benefit from Defense Production Act loans and purchase commitments to expand food production. On the other hand, the price gouging task force and price monitoring efforts could increase scrutiny of food supply chain pricing, potentially affecting how agricultural products are marketed and sold.
“Execute purchase commitments under section 303 of the Defense Production Act of 1950 (50 U.S.C. 4533) to make available basic household necessities at a consistent price to individuals in the United States for the duration of the agreement.”
Programs
Disabilities
Milestones
Referred to the Committee on Financial Services, and in addition to the Committees on Education and Workforce, Energy and Commerce, the Judiciary, the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
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.
Related News
3 articles
Deluzio and Kelly introduce legislation to drive down rising costs
U.S. Rep. Chris Deluzio and Sen. Mark Kelly introduced the Cost-of-Living Emergency Act to address rising prices. The bill declares a 180-day national emergency, creates a White House Cost Cutting Council, and establishes a DOJ/FTC task force to combat price gouging.
Congressman Chris Deluzio and Senator Mark Kelly Introduce Bill to Address Cost of Living Emergency in America
Rep. Chris Deluzio and Sen. Mark Kelly introduced the Cost-of-Living Emergency Act, which focuses on holding corporations accountable for price gouging and providing relief for essential costs like groceries and utilities through a new White House office and a national emergency declaration.
Kelly, Deluzio Introduce Bill to Address Cost of Living Emergency in America
The Cost-of-Living Emergency Act, introduced by Sen. Mark Kelly and Rep. Chris Deluzio, mandates emergency enforcement of price gouging laws via a joint DOJ-FTC task force and invokes the Defense Production Act to mitigate supply chain bottlenecks for basic household necessities.
Source Information
Document Type
Congressional Bill
Official Title
Cost-of-living Emergency Act
Data Sources
Sponsor
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