117 HR 7747 IH: Combatting Painful Inflation (CPI) Act U.S. House of Representatives 2022-05-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 7747IN THE HOUSE OF REPRESENTATIVESMay 12, 2022Mrs. Kim of California (for herself and Mr. Waltz) introduced the following bill; which was referred to the Committee on Science, Space, and TechnologyA BILLTo 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.