Protecting Families from Inflation Act

Referred to the House Committee on Ways and Means.

Bill 119 HR 2287, also known as the "Tariff Impact Study Act," aims to require the Board of Governors of the Federal Reserve System to conduct a study on the effects of specific tariffs imposed by the United States government on the prices of goods and services within the country. The bill seeks to analyze how these tariffs impact the overall cost of living for American consumers and businesses.

The study mandated by the bill will examine the direct and indirect consequences of tariffs on various sectors of the economy, including manufacturing, agriculture, and retail. It will also assess the potential effects on inflation, consumer spending, and overall economic growth.

Additionally, the bill requires the Federal Reserve to provide recommendations on how to mitigate any negative impacts of tariffs on the cost of goods and services in the United States. This information will be crucial for policymakers to make informed decisions on trade policies and regulations. Overall, the Tariff Impact Study Act aims to provide valuable insights into the economic consequences of tariffs and help guide future policy decisions to ensure the well-being of American consumers and businesses.