# 119-s-4266: Cost-of-living Emergency Act 119-s-4266, Cost-of-living Emergency Act, is a 119th Congress bill sponsored by Sen. Kelly, Mark [D-AZ] (D-AZ); status introduced; PRIA reads it as touching household money (as of 2026-04-23). - Canonical: https://policyrisk.com/legislation/119-s-4266 - As of: 2026-04-23 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-s-4266 - Congress: 119 - Title: Cost-of-living Emergency Act - Status: introduced - Introduced: 2026-03-26 - Sponsor: Sen. Kelly, Mark [D-AZ] (D-AZ) - Cosponsors: 0 - Policy area: unknown - Touches household money: yes - Last recorded action: 2026-04-23 ## Summary **Declares a national cost-of-living emergency** and would create an interbranch, cross‑agency framework to measure, disclose, monitor, and reduce household cost pressures. The bill centers federal attention on everyday expenses and sets up new analytic offices, a congressional commission, and enforcement tools to curb price abuses and boost domestic supply of basic necessities. - Households: Would deliver regular transparency on living costs through quarterly "State of Household Budgets" reports with metrics like median purchasing power and real wage growth net of housing and health costs. It would also require weekly cost‑reduction analyses and at least 3 regional listening sessions per year. - Consumers and markets: Would direct the Attorney General and the Federal Trade Commission to run a Joint Task Force to monitor price changes, investigate price gouging and anticompetitive practices, and operate a public portal for reporting suspected unlawful conduct. - Industry and Congress: Would authorize Defense Production Act actions such as loans, loan guarantees, purchase commitments, and production subsidies to expand domestic supply of basic household necessities and would form a 12‑member bipartisan congressional Cost‑of‑Living Commission to draft legislative proposals with fiscal analysis. ## Provisions PRIA read - Use Defense Production Act for necessities: benefit, high. If enacted, this bill would require the President and covered agency heads to use Title III of the Defense Production Act during the emergency to boost production of basic household necessities. If enacted, allowed actions would include purchase commitments, subsidies to offset costs for domestic r… - Bipartisan Cost of Living Commission: benefit, medium. If enacted, this bill would create a 12-member bipartisan Cost-of-Living Commission in Congress. If enacted, members would be appointed within 14 days and co-chairs would hire a staff director. The Commission would produce a final report with legislative text, a CBO estimate, and hold at least six… - Cost of Living Emergency Office: benefit, medium. If enacted, this bill would require the Chair of the Council of Economic Advisers to create a Cost-of-Living Emergency Office within seven days. If enacted, the Chair would appoint Special Advisors for groceries, housing, utilities, health care, transportation, and wages. Each advisor would lead a… - Joint federal task force on consumer costs: benefit, medium. If enacted, the Attorney General and the Chair of the Federal Trade Commission would create a Joint Task Force on Consumer Costs during the emergency. If enacted, the Task Force would monitor retail and wholesale price moves for essentials, investigate price gouging and anticompetitive conduct, and… - Household cost statements for major rules: benefit, low. If enacted, this bill would require agencies, during the emergency, to include a household costs impact statement for any major rule sent to OIRA. If enacted, the statement must estimate effects on an average U.S. household, show regional cost differences, estimate benefits to large corporations, a… - Defines average household and necessities: mixed, high. If enacted, this bill would define "average U.S. household" as a household earning less than the prior years median household income, per the U.S. Census Bureau. If enacted, it would define "basic household necessities" using Bureau of Labor Statistics categories as of January 1, 2026. Those neces… ## Related bills - 119-s-1541: SHIPS for America Act of 2025 - 119-s-3990: PrEP Access and Coverage Act of 2026 - 119-s-2823: FAMILY Act - 119-s-5108: Right to IVF Act of 2026 - 119-s-2828: Child Care Modernization Act of 2025 - 119-s-1503: Equality Act ## Sources - [119-s-4266 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4266) ## Related - [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541) - [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990) - [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823) - [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108) - [119-s-2828: Child Care Modernization Act of 2025](https://policyrisk.com/legislation/119-s-2828) - [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-s-4266 (as of 2026-04-23).