Cost-of-living Emergency Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4266 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4266 To declare an emergency regarding the cost of living in the United States and direct actions to be taken to address the cost-of-living emergency, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 26, 2026 Mr. Kelly introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To declare an emergency regarding the cost of living in the United States and direct actions to be taken to address the cost-of-living emergency, 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 may be cited as the ``Cost-of-living Emergency Act''. SEC. 2. DEFINITIONS. In this Act: (1) Average u.s. household.--The term ``average U.S. household'' means a household in the United States earning less than the media…