Sponsors (2)
The bill creates centralized analysis, transparency, enforcement, and short‑term market interventions intended to lower everyday costs for households, but does so at added taxpayer expense, with expanded emergency powers, new burdens on agencies and businesses, and risks of politicization or gaps for vulnerable groups.
Low- and middle-income households gain targeted federal analysis and policy proposals aimed at lowering everyday costs (food, housing, utilities, health care, transportation, wages).
Consumers (especially low- and middle-income households) benefit from stronger, coordinated enforcement against price‑gouging and anticompetitive conduct through a DOJ/FTC Task Force, state AG coordination, and a centralized reporting portal.
Households and the public get greater transparency about how federal rules affect an average U.S. household and how benefits to large corporations compare with household benefits, with public release of impact statements to improve accountability.
Taxpayers face increased costs from creating and staffing new advisory positions, commissions, enforcement efforts, loans/guarantees/subsidies, and ongoing reporting requirements.
Declaring a national emergency with expedited congressional extension procedures and broader DPA-style authorities expands executive flexibility to reallocate funds or waive rules, reducing ordinary oversight and congressional scrutiny.
Agencies and businesses will face added compliance, reporting, and legal burdens from new analyses, public disclosures, and joint investigations, which can increase costs, slow rulemaking, and raise litigation risk for firms.
Based on analysis of 8 sections of legislative text.
Declares a temporary national emergency to lower costs for basic household necessities via CEA refocus, new advisors, DOJ–FTC enforcement, DPA production measures, and a congressional commission.
Introduced March 27, 2026 by Chris Deluzio · Last progress March 27, 2026
Declares a temporary national emergency to address high cost-of-living and directs a set of federal actions to lower prices for basic household necessities. It refocuses the Council of Economic Advisers on household affordability, creates White House advisors and weekly Cabinet task forces, requires quarterly budget/price reports, orders OIRA to add household-impact statements to major rules, creates a DOJ–FTC joint task force to investigate price gouging and anticompetitive conduct, authorizes using Defense Production Act Title III tools to boost domestic supply of essentials, and establishes a bipartisan congressional Cost-of-Living Commission to produce recommendations during the emergency.