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.
Summary
The Cost‑of‑Living Emergency Act declares a national emergency over high living costs and directs the President, through the Council of Economic Advisers, to create a White House Cost Cutting Council. It appoints special advisors for food, housing, utilities, health care, transportation, and wages, who must report weekly and hold public listening sessions. The emergency lasts 180 days unless Congress passes a joint resolution to extend it.
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