Sponsors (2)
Introduced March 27, 2026 by Chris Deluzio · Last progress March 27, 2026
The bill establishes new coordination, analyses, and emergency authorities to lower household costs and stabilize supplies—offering clearer targets and faster responses for many families and producers—while raising federal administrative costs, expanding executive powers, and creating risks of politicized or short-term policy choices.
Middle- and low-income households receive targeted analyses and concrete policy recommendations aimed at lowering costs for groceries, housing, utilities, health care, transportation, and wages.
Congress, agencies, and the public get much more timely transparency and oversight through regular reports, public regional listening sessions, CBO estimates, and a 180-day congressional review option for emergency extensions.
Federal coordination and rapid supply-chain actions (weekly interagency work, 15-day bottleneck assessments, DPA-based production plans) can accelerate identification of shortages and short-term administrative actions to stabilize supplies of household essentials.
Taxpayers and households could be exposed to expanded executive emergency authorities—declared national emergencies and an expanded DPA waiver—that let the administration act without fuller Congressional approval and could affect the economy or programs.
The bill creates substantial new administrative costs and recurring reporting burdens (new advisory positions, Commission operations, weekly and quarterly reports, detailed regulatory analyses) that increase taxpayer expenses and divert agency staff time.
Using DPA funds and short certification windows (e.g., 180 days for price reductions) risks encouraging costly short-term interventions and increased federal spending for price stabilization without guaranteed long-term savings.
Based on analysis of 8 sections of legislative text.
Declares a 180-day national emergency on cost-of-living, directs executive actions (CEA coordination, OIRA review, DOJ–FTC enforcement, DPA production), and creates a congressional commission to propose fixes.
Declares a national emergency over rising cost of living and directs the federal government to prioritize actions that lower prices for basic household necessities. It requires the White House Council of Economic Advisers (CEA) to lead new coordination bodies and special advisors, forces agencies to analyze regulatory effects on household budgets, creates a DOJ–FTC task force to pursue price gouging and anticompetitive conduct, and authorizes use of the Defense Production Act to expand domestic supply of essentials. Also creates a bipartisan congressional Cost-of-Living Commission to propose policy and legislative fixes on an accelerated timeline, mandates frequent public reporting and oversight, and sets the emergency to automatically end 180 days after enactment unless Congress extends it.