Official Summaries

Protecting Families from Inflation Act

This bill requires the Board of Governors of the Federal Reserve System to study and report to Congress on the collective impact of U.S. tariffs since 2017 on the cost of goods and services for consumers and small businesses in the United States.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2287 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 2287

  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.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 2025

 Ms. Bynum (for herself, Mr. Fields, and Mr. Liccardo) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act my be cited as the ``Protecting Families from Inflation 
Act''.

SEC. 2. STUDY ON IMPACTS OF TARIFFS.

    (a) Study.--The Board of Governors of the Federal Reserve System 
shall conduct a study on the collective impact that every tariff issued 
by the United States, beginning in 2017 and each year thereafter, has 
on the cost of goods and services for consumers and small businesses in 
the United States.
    (b) Report.--Not later than 270 days after the date of the 
enactment of this Act, the Board shall submit to the Congress a report 
that describes the findings of the study required under subsection (a).
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