To declare an emergency regarding the cost of living in the United States and direct actions to be taken to address the cost-of-living emergency, and for other purposes.
Legislative Progress
Plain English Summary
AI-generatedPlain-English Summary
This bill proposes that the federal government formally declare a "cost-of-living emergency" in the United States, officially recognizing that the rising prices of everyday necessities — such as housing, groceries, energy, and other goods — have become a serious hardship for many Americans. By declaring an emergency, the bill aims to trigger or direct specific government actions to help address these financial pressures faced by ordinary households.
Because no official description of the bill's full text was provided, the exact actions it would require are not entirely clear. However, based on the committees it has been sent to — covering financial services, education and workforce, energy and commerce, the courts, the federal budget, and legislative rules — the bill likely touches on a broad range of policy areas. This suggests it may include proposals related to consumer prices, wages, housing costs, energy bills, and potentially antitrust or corporate pricing practices.
This bill would potentially affect a wide range of Americans, particularly those struggling to keep up with higher prices for rent, food, utilities, and other basic needs. Depending on its specific provisions, it could also affect businesses, employers, energy companies, and financial institutions, as it spans multiple areas of federal oversight.
Currently, the bill has been referred to several House committees for review, which is an early step in the legislative process. It has not yet been voted on, and it is unclear at this stage whether it will advance further.
This summary is AI-generated for informational purposes. Always refer to the official bill text for legal accuracy.
Latest Action
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.
March 27, 2026
Sponsor
Committees
Legislative History
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.
Mar 27, 2026Referred 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.
Mar 27, 2026Referred 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.
Mar 27, 2026Referred 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.
Mar 27, 2026Referred 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.
Mar 27, 2026Referred 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.
Mar 27, 2026Introduced in House
Mar 27, 2026Introduced in House
Mar 27, 2026