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Cost-of-Living Emergency Act: Tackling High Prices for Essentials

This act declares a national emergency to lower the costs of basic necessities like food, housing, and fuel. It establishes special advisors and a task force to combat price gouging and unfair pricing by large corporations.
Key points
Appointment of Special Advisors to the President for grocery, housing, utility, health care, and transportation costs.
Creation of a joint task force to prosecute price gouging and anticompetitive business practices.
Use of the Defense Production Act to boost the domestic supply of essential household goods.
Requirement for agencies to issue impact statements showing how new rules affect average household budgets.
Mandatory regional listening sessions for the public to share concerns about the cost of living.
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Status:
Introduced
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Additional Information
Cost-of-living Emergency Act
Print number: S 4266
Sponsor: Sen. Kelly, Mark [D-AZ]
Process start date: 2026-03-26