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H.R. 7747 — Combatting Painful Inflation (CPI) Act | PoliFocus

H.R. 7747117th Congress

Combatting Painful Inflation (CPI) Act

To direct the National Science Foundation to commission a study on inflation.

Sponsors

Rep. Kim, Young [R-CA-39]

2 cosponsors

Subjects

Science, Technology, Communications

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.

Full Text

Legislative Actions

2022-05-12
Introduced in House
2022-05-12
Introduced in House
2022-05-12
Referred to the House Committee on Science, Space, and Technology.

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