summary
Introduced
03/24/2025
03/24/2025
In Committee
03/24/2025
03/24/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To require the Board of Governors of the Federal Reserve System to conduct a study on the impact certain United States tariffs have on the cost of goods and services in the United States, and for other purposes.
AI Summary
This bill requires the Board of Governors of the Federal Reserve System (the Fed) to conduct a comprehensive study examining how United States tariffs implemented since 2017 affect the prices of goods and services for consumers and small businesses. The study will analyze the collective impact of these tariffs on the cost of living and business expenses. Within 270 days of the bill's enactment, the Fed must submit a detailed report to Congress outlining the findings of this research. The bill is titled the "Protecting Families from Inflation Act," which suggests its primary aim is to understand how trade policies might be contributing to increased prices for American families and small enterprises. By mandating this study, the legislation seeks to provide policymakers with empirical data about the economic consequences of tariffs, potentially informing future trade and economic policy decisions.
Committee Categories
Budget and Finance
Sponsors (6)
Janelle Bynum (D)*,
Cleo Fields (D),
Sam Liccardo (D),
Seth Moulton (D),
George Whitesides (D),
Nikema Williams (D),
Last Action
Referred to the House Committee on Ways and Means. (on 03/24/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/2287/all-info |
| BillText | https://www.congress.gov/119/bills/hr2287/BILLS-119hr2287ih.pdf |
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