Protecting Families from Inflation Act

This bill orders the Federal Reserve to study how U.S. tariffs since 2017 have affected prices that people and small businesses pay for goods and services. The goal is to understand whether tariffs are raising costs and by how much. The Fed must send a report with its findings to Congress within 270 days after the bill becomes law. A summary from the Library of Congress describes the same requirement and focus on impacts to consumers and small businesses.

Key points:

• Who is affected: Consumers and small businesses across the United States.
• What changes: The Federal Reserve must conduct a nationwide study on the price effects of all U.S. tariffs issued since 2017 and report the results to Congress .
• When: The report is due within 270 days after the law takes effect.