Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The bill declares a national emergency over high living costs and gives the Council of Economic Advisers 180 days to lead a coordinated response. It requires the Council to set up a Cost‑of‑Living Emergency Office, appoint special advisors for food, housing, utilities, health care, transportation, and wages, and have them report weekly and hold regional listening sessions. The goal is to identify and implement steps that make basic necessities more affordable for low‑ and middle‑income families.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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