S.4266

Cost-of-Living Emergency Act declares an emergency due to high living costs in the U.S.

The Cost-of-Living Emergency Act declares an emergency due to the high cost of living in the United States. The Act establishes a Cost-of-Living Commission to identify policies for improving the cost-of-living situation for the average U.S. household and achieving national economic growth. The President is directed to use Defense Production Act authorities to expand productive capacity and supply of basic household necessities. The Act also establishes a Joint Task Force on Consumer Costs to prevent and prosecute price gouging and other anticompetitive practices.