H.R. 7747 · 117th Congress
Combatting Painful Inflation (CPI) Act
- Stage
- In committee
- Sponsor
- Young Kim
- Introduced
- 2022-05-12
- Latest action
- 2022-05-12 · Introduced in House
Summary
Combatting Painful Inflation (CPI) Act
This bill directs the National Science Foundation to commission a study on the effects of inflation. Among other requirements, the study must
measure the economic impact of inflation on the American people, including an analysis of cost-of-living impacts; assess how the increase in inflation has harmed the American workforce through decreased, less valuable wages; evaluate the impact of inflation on rural and underserved communities throughout the country; and make recommendations to Congress on the impact of further government spending with regard to inflation.