Section 1 Short title
This Act may be cited as the “Combatting Painful Inflation (CPI) Act”.
Combatting Painful Inflation (CPI) Act
A BILL
To direct the National Science Foundation to commission a study on inflation.
Sec. 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—
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;
consider the impact of inflation on American international competitiveness, particularly as it relates to offshoring jobs in the manufacturing industry;
evaluate the impact of inflation on rural and underserved communities throughout the country;
assess the ways inflation at its current trajectory could impact future American generations; and
make recommendations to Congress on the impact of further Government spending in regard to inflation.