Combatting Painful Inflation (CPI) Act

Bill: 117-hr-7747
Sponsor: full_name: Rep. Kim, Young [R-CA-39]
Introduced: 2022-05-12
Policy area: Science, Technology, Communications
Latest action: action_date: 2022-05-12
text: Referred to the House Committee on Science, Space, and Technology.

Summaries:
action_date: 2022-05-12
action_desc: Introduced in House
text: <p><strong>Combatting Painful Inflation (CPI) Act</strong></p> <p>This bill directs the National Science Foundation to commission a study on the effects of inflation. Among other requirements, the study must </p> <ul> <li>measure the economic impact of inflation on the American people, including an analysis of cost-of-living impacts;</li> <li> assess how the increase in inflation has harmed the American workforce through decreased, less valuable wages; </li> <li>evaluate the impact of inflation on rural and underserved communities throughout the country; and </li> <li>make recommendations to Congress on the impact of further government spending with regard to inflation.</li> </ul>

tv_txt: I 117th CONGRESS 2d Session H. R. 7747 IN THE HOUSE OF REPRESENTATIVES May 12, 2022 Mrs. Kim of California (for herself and Mr. Waltz ) introduced the following bill; which was referred to the Committee on Science, Space, and Technology A BILL To direct the National Science Foundation to commission a study on inflation.

1. Short title This Act may be cited as the Combatting Painful Inflation (CPI) Act . 2. Inflation study Not later than 45 days after the date of enactment of this Act, the Director of the National Science Foundation shall commission a study to— (1) measure the economic impact of inflation on the American people, including an analysis of cost-of-living impacts; (2) assess how the increase in inflation has harmed the American workforce through decreased, less valuable wages; (3) consider the impact of inflation on American international competitiveness, particularly as it relates to offshoring jobs in the manufacturing industry; (4) evaluate the impact of inflation on rural and underserved communities throughout the country; (5) assess the ways inflation at its current trajectory could impact future American generations; and (6) make recommendations to Congress on the impact of further Government spending in regard to inflation.