,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hbad  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #i1 #bjbf,mrs4 
,*]filus-,mc,cormick introduc$ ! foll[+ 
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means1 & 9 addition to !       
,committee on ,en]gy & ,comm]ce1 = a    
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
provide em]g5cy1 t>get$ relief to       
middle-income ,am]icans fac+ high] co/s 
( liv+ aris+ f w>-relat$ disruptions 9  
global en]gy m>kets caus$ by ! curr5t   
conflict involv+ ! ,unit$ ,/ates1       
,israel1 & ,iran1 & to prev5t w>        
pr(ite]+ 9 ess5tial goods1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,w4,a4,r4 ,act ,w>time     
,anti-,pr(ite]+ & ,relief ,act4  #b4    
,f9d+s2 decl>ation ( em]g5cy  7a7 ,f9d+s
 ,congress f9ds ! foll[+3  7#a7 ,! ongo+
 arm$ conflict involv+ ! ,unit$ ,/ates1 
,israel1 ,& ,iran 79 ?is ,act ref]r$ to 

z ! ,u4,s4 ,israel-,iran conflict7 has  
contribut$ to elevat$ global oil prices 
& high] gasol9e prices = consum]s 9 !   
,unit$ ,/ates1 ) national av]ages ris+ &
 =eca/]s w>n+ ( additional inflation>y  
pressure on transportation & logi/ics   
co/s4  7#b7 ,natural gas & liquefi$     
natural gas m>kets are "u /ra9 because a
 significant %>e ( global supply        
transits or is pric$ ) ref]5ce to r\tes 
9 & ar\nd ! /rait ( hormuz1 :i* are     
directly affect$ by ! ,u4,s             
,israel-,iran conflict1 expos+ ,am]ican 
h\seholds to high] heat+ & electricity  
co/s4  7#c7 ,increases 9 en]gy prices   
aris+ f ! ,u4,s ,israel-,iran conflict h
 cascad+ effects on ! co/s ( h\s+1 food1
 & borr[+1 disproportionately burd5+    
middle-income h\seholds :o are          
ineligible = _m l[-income assi/ance     
programs b lack suffici5t sav+s to      
absorb su/a9$ price %ocks4  7#d7 ,bad   
actors1 includ+ c]ta9 m>ket p>ticipants 
9 fuel1 home heat+1 & consum] /aples1 h 
bo? ! inc5tive & opportunity to engage 9

 unju/ifi$ price increases dur+ ! ,u4,s 
,israel-,iran conflict1 exac]bat+ h>d%ip
 = ,am]ican families4  7b7 ,decl>ation (
 em]g5cy ,x is ! s5se ( ,congress t !   
,unit$ ,/ates is exp]i5c+ a w>-relat$   
en]gy co/ em]g5cy directly attributable 
to ! ,u4,s4-,israel-,iran conflict t    
w>rants t>get$1 tempor>y relief =       
middle-income h\seholds & enhanc$       
en=cem5t aga9/ price g\g+ 9 ess5tial    
goods1 = ! duration ( t conflict & its  
imm$iate aft]ma? only4  #c4 ,def9itions 
,9 ?is ,act3  7#a7 ,secret>y ,! t]m     
,secret>y means ! ,secret>y ( !         
,treasury4  7#b7 ,middle-income h\sehold
 ,! t]m middle-income h\sehold means1 ) 
respect to a taxable ye>1 a taxpay] ^:  
h\sehold income is betwe5 #hj1jjj &     
#afj1jjj4  7#c7 ,u4,s4 ,israel-,iran    
conflict ,! t]m ,u4,s4-,israel-,iran    
conflict means ! arm$ conflict beg9n+ on
 or ab\t ,febru>y #bjbf 9 :i* ! ,unit$  
,/ates is mat]ially engag$ 9 ho/ilities 
9 support ( ,israel aga9/ ,iran &       
associat$ =ces1 z id5tifi$ 9 public     

det]m9ations by ! ,presid5t pursuant to 
! ,w> ,p[]s ,resolution4  7#d7          
,designat$ ,u4,s4 ,israel-,iran w> en]gy
 em]g5cy p]iod ,! t]m designat$         
,u4,s4-,israel-,iran w> en]gy em]g5cy   
p]iod means ! p]iod--  7,a7 beg9n+ on ! 
date ( enactm5t ( ?is ,act2 &  7,b7 end+
 on ! e>li] (--  7i7 ,! date t is #cfe  
days aft] ! effective date ( a ceasefire
 or o!r agreem5t =mally t]m9at+ active  
ho/ilities 9 ! ,u4,s ,israel-,iran      
conflict1 z c]tifi$ by ! ,presid5t2 or  
7ii7 ,! date on :i* ! secret>y ( en]gy &
 ! secret>y jo9tly c]tify to congress t 
en]gy prices attributable to ! ,u4,s    
,israel-,iran conflict h mat]ially      
normaliz$4  ,i ,,w> ,,inflation         
,,em]g5cy ,,middle-,,class ,,relief     
#aja4   7a7 ,all[ance ( cr$it ,9 ! case 
( an eligible individual1 !re %all be   
all[$ z a cr$it aga9/ ! tax impos$ by   
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf = ea* taxable ye> beg9n+ 9 a      
designat$ ,u4,s4-,israel-,iran w> en]gy 
em]g5cy p]iod an am\nt equal to ! w>    

inflation cr$it det]m9$ "u ?is section4 
7b7 ,am\nt ( cr$it ,! w> inflation cr$it
 = any taxable ye> %all be an am\nt     
det]m9$ by ! ,secret>y t is reasonably  
calculat$ to (fset av]age increases 9   
commut+1 groc]y1 & utility co/s incurr$ 
by middle-income h\seholds z a direct or
 indirect result ( !                    
,u4,s4-,israel-,iran conflict1 tak+ into
 acc\nt family size & regional co/      
v>iations4  7c7 ,eligibility ,an        
individual is eligible = ! cr$it "u ?is 
section if-- 7#a7 su* individual is a   
middle-income h\sehold = ! taxable ye>2 
&  7#b7 nei!r su* individual nor su*    
individual's sp\se 79 ! case ( a jo9t   
return7 is a nonresid5t ali5 individual4
  7d7 ,refundability2 coord9ation ,!    
cr$it all[$ "u ?is section--  7#a7 %all 
be treat$ z a refundable cr$it2 &  7#b7 
%all be all[$ 9 addition to any o!r     
cr$it all[$ "u ! ,int]nal ,rev5ue ,code 
( #aihf1 subject to su* coord9ation     
rules z ! ,secret>y may prescribe to    
prev5t duplication ( b5efits = ! same   

co/s4  7e7 ,automatic phase-out ti$ to  
conflict  7#a7 ,9 g5]al ,! cr$it "u ?is 
section %all be r$uc$ ratably &         
ultimately t]m9at$ = taxable ye>s beg9n+
 aft] ! fir/ taxable ye> t beg9s aft]   
bo? ( ! foll[+ conditions h be5 met3    
7,a7 ,! presid5t has notifi$ to congress
 t a ceasefire or o!r agreem5t has      
=mally t]m9at$ active ho/ilities 9 !    
,u4,s ,israel-,iran conflict4  7,b7 ,!  
secret>y ( en]gy & ! secret>y h jo9tly  
c]tifi$ to congress t av]age national   
retail prices ( gasol9e & resid5tial    
electricity h rema9$ bel[ specifi$      
trigg] ?re%olds = n few] ?an #ahj       
consecutive days & t su* normalization  
is n mat]ially ?reat5$ by ongo+         
ho/ilities relat$ to ! ,u4,s            
,israel-,iran conflict4  7#b7 ,public   
notice ,! ,secret>y %all publi% notice (
 any phase-out or t]m9ation "u p>agraph 
7#a7 9 ! ,f$]al ,regi/] & on an         
appropriate public website4  ,,ii       
,,anti-,,price ,,g\g+ ,,9 ,,en]gy ,,&   
,,ess5tial ,,goods  #bja4 ,prohibition  

on price g\g+ dur+ ,u4,s4-,israel-,iran 
w> en]gy em]g5cy  7a7 ,unlawful conduct 
,dur+ any designat$ ,u4,s4-,israel-,iran
 w> en]gy em]g5cy p]iod1 x %all be an   
unfair or deceptive act or practice "u !
 ,f$]al ,trade ,commission ,act = any   
cov]$ entity to sell or (f] = sale cov]$
 goods at a price t-- 7#a7 repres5ts a  
grossly excessive increase ov] ! av]age 
price ( su* goods dur+ ! #fj-;day p]iod 
prec$+ ! date ( enactm5t ( ?is ,act2 &  
7#b7 ,is n sub/antially attributable to 
additional co/s incurr$1 or reasonably  
anticipat$ to be incurr$1 by ! cov]$    
entity 9 connection ) ! production1     
di/ribution1 or sale ( su* goods1       
includ+ co/s reasonably attributable to 
! ,u4,s ,israel-,iran conflict4  7b7    
,cov]$ entities ,! t]m cov]$ entity     
means any p]son1 p>tn]%ip1 corporation1 
or o!r bus9ess entity engag$ 9 !        
:olesale or retail sale (--  7#a7 motor 
fuel1 diesel1 or o!r transportation     
fuels2  7#b7 home heat+ fuels1 includ+  
natural gas1 heat+ oil1 & electricity2  

or  7#c7 ess5tial consum] /aples1       
includ+ food & basic h\sehold           
necessities1 z def9$ by ! ,f$]al ,trade 
,commission4  7c7 ,cov]$ goods ,! t]m   
cov]$ goods means any good describ$ 9   
subsection 7b74  #bjb4 ,en=cem5t by     
f$]al trade commission & dep>tm5t (     
ju/ice  7a7 ,f$]al trade commission ,!  
,f$]al ,trade ,commission %all h        
au?ority to en=ce section #bja 9 ! same 
mann]1 by ! same means1 & ) ! same      
jurisdiction1 p[]s1 & duties z ?\gh all 
applicable t]ms & provisions ( ! ,f$]al 
,trade ,commission ,act 7 incorporat$   
into & made a "p ( ?is ,act4  7b7       
,dep>tm5t ( ju/ice ,! ,attorney ,g5]al  
may br+ a civil action 9 an appropriate 
,unit$ ,/ates di/rict c\rt to en=ce     
section #bja1 to seek injunctive relief1
 civil p5alties1 & re/itution = affect$ 
consum]s1 & to obta9 su* o!r relief z ! 
c\rt may deem appropriate4  7c7 ,/ate   
en=cem5t pres]v$ ,no?+ 9 ?is ,act %all  
be con/ru$ to preempt any ,/ate law     
prohibit+ price g\g+ or to limit !      

au?ority ( any ,/ate attorney g5]al to  
en=ce su* law4  7d7 ,rulemak+ ,! ,f$]al 
,trade ,commission may promulgate su*   
rules z are necess>y & appropriate to   
c>ry out ?is title1 includ+ rules fur!r 
def9+ grossly excessive = purposes (    
section #bja7;a71 specifically 9 !      
context ( price effects attributable to 
! ,u4,s4-,israel-,iran conflict4  #bjc4 
,f$]al trade commission /udy & report   
7a7 ,/udy ,! ,f$]al ,trade ,commission  
79 ?is section ref]r$ to z !            
,commission7 %all conduct a /udy ( !    
op]ation & en=cem5t ( ,/ate & local     
price g\g+ laws dur+ ! p]iod ( w>-relat$
 disruptions 9 en]gy & ess5tial goods   
m>kets caus$ by ! ,u4,s4-,israel-,iran  
conflict1 includ+-- 7#a7 ! ext5t to :i* 
su* laws 7 activat$ 9 response to !     
conflict2  7#b7 ! types ( products &    
s]vices cov]$1 includ+ fuel1 home heat+1
 & ess5tial consum] /aples2  7#c7       
en=cem5t actions tak5 by ,/ate & local  
au?orities2 &  7#d7 any obs]v$ impacts  
on consum] welf>e1 supply availability1 

& prices4  7b7 ,recomm5dations ,z "p ( !
 /udy "u subsection 7a71 ! ,commission  
%all evaluate :e!r a p]man5t ,f$]al     
basel9e /&>d gov]n+ price g\g+ dur+     
decl>$ em]g5cies w\ld promote consum]   
protection & m>ket /ability1 tak+ into  
acc\nt ! div]sity ( exi/+ ,/ate         
approa*es & exp]i5ce dur+ !             
,u4,s4-,israel-,iran conflict4  7c7     
,report to congress ,n lat] ?an #ah     
mon?s aft] ! date ( enactm5t ( ?is ,act1
 ! ,commission %all submit to !         
,committee on ,ways & ,means & !        
,committee on ,en]gy & ,comm]ce ( !     
,h\se ( ,repres5tatives & ! ,committee  
on ,f9ance & ! ,committee on ,comm]ce1  
,sci5ce1 & ,transportation ( ! ,s5ate a 
report-- 7#a7 describ+ ! results ( !    
/udy conduct$ "u subsection 7a72 &  7#b7
 sett+ =? ! recomm5dations describ$ 9   
subsection 7b71 includ+ any specific    
legislative or adm9i/rative actions !   
,commission consid]s appropriate4  #bjd4
 ,sunset2 rule ( con/ruction  7a7       
,sunset ,all au?orities & programs      

e/abli%$ "u ?is ,act1 includ+ ! w>      
inflation refundable tax cr$it "u       
section #aja1 & ! prohibitions &        
en=cem5t au?orities creat$ by sections  
#bja & #bjb1 %all t]m9ate at ! end ( !  
designat$ ,u4,s4-,israel-,iran w> en]gy 
em]g5cy p]iod1 except z provid$ 9       
subsection 7b74  7b7 ,cont9u+ actions   
,any inve/igation1 en=cem5t action1 or  
proce$+ comm5c$ "u ?is ,act be=e ! date 
describ$ 9 subsection 7a7 may be        
cont9u$1 & any civil or crim9al         
liability = violations ( ?is ,act       
incurr$ be=e su* date %all rema9 9      
effect until satisfi$ or dis*>g$4  7c7  
,rule ( con/ruction ,no?+ 9 ?is ,act    
%all be con/ru$ to--  7#a7 limit1       
impair1 or o!rwise affect any au?ority (
 ! ,presid5t or any ,f$]al ag5cy "u !   
,def5se ,production ,act ( #aiej1 !     
,f$]al ,trade ,commission ,act1 or any  
o!r provision ( ,f$]al law to prev5t    
ho>d+1 accumulation1 or o!r =ms (       
pr(ite]+ dur+ an em]g5cy2 or  7#b7      
preempt or displace any ,/ate or local  

law prohibit+ price g\g+ or o!r unfair  
or deceptive practices dur+ a decl>$    
em]g5cy4