Bynum, Fields, and Liccardo Introduce the Protecting Families From Inflation Act to Lower Costs

Washington, DC – Today, Congresswoman Janelle Bynum (OR-05) along with Congressman Cleo Fields (LA-04) and Congressman Sam Liccardo (CA-16) introduced the Protecting Families From Inflation Act. The bill would require the Federal Reserve to examine the impact that tariffs have on inflation faced by consumers and small businesses.

Despite President Trump pledging to end inflation “on Day 1,” costs have continued to increase and his tariffs are making things worse – and crashing the stock market in the process. In their oversight role of the Federal Reserve through the Financial Services Committee, Reps. Bynum, Fields, and Liccardo are working to fight against these reckless taxes on everyday goods and lower costs for the American people.

“Every day I hear from my constituents that they’re struggling to afford groceries, rent, healthcare, and other necessities,” said Bynum. “Lowering costs has always been priority number one for me. It’s unconscionable to me – and frankly, unacceptable – that anyone would impose taxes that make things more expensive right now. And I won’t stand by and let it happen – that’s why I’m fighting back with this bill to lower costs for my constituents.”

“President Trump's tariff policies directly contradict his Day One inflation promises and are imposing significant financial hardships on Louisiana families and Main Street businesses in my district,” said Fields. “Through my position on the Financial Services Committee, Congresswoman Bynum, Congressman Liccardo and I are exercising our constitutional oversight responsibilities to challenge these misguided economic measures and advance common-sense legislation that will provide much-needed relief to hardworking Americans across our great nation.”

"In every college macroeconomics class, students learn that the burden of higher tariffs falls on consumers, in the form of higher prices,” said Liccardo. “Every member of Congress ran for office telling our voters that we would reduce the cost of living, which is choking millions of American families. This administration has just exacerbated the crisis. We won’t get Trump back into a classroom—if he’s ever been in one—but he must heed the lessons of history." 

You can view the full text of the bill here.

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