H.R. 2287: Protecting Families from Inflation Act

This bill, known as the Protecting Families from Inflation Act, aims to require the Board of Governors of the Federal Reserve System to conduct a study on the impact of U.S. tariffs on the cost of goods and services. The specific actions outlined in the bill include:

Study on Impacts of Tariffs

• Conducting a Study: The Federal Reserve will investigate how various tariffs implemented by the United States from 2017 onward have affected prices for consumers and small businesses. This will cover all tariffs established during that period and evaluate their cumulative impact.
• Report Submission: The Federal Reserve is tasked with delivering a report to Congress within 270 days of the bill's enactment. This report will summarize the findings of the study, providing insights into how tariffs have influenced pricing and potentially contributed to inflation.

The purpose of this bill is to gather data that may help lawmakers and policymakers understand the consequences of tariff decisions on the economy, especially concerning everyday expenses faced by families and small businesses. By emphasizing the need for thorough analysis, the bill seeks to base future economic policy on solid evidence regarding tariff impacts.

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