Protecting Families from Inflation Act

This bill requires the Federal Reserve Board to study how U.S. tariffs since 2017 have impacted the cost of goods and services for consumers and small businesses. The study must cover every tariff issued annually beginning in 2017, analyzing their collective effect. The Federal Reserve must submit a report of its findings to Congress within 270 days of the bill's enactment. The bill does not change existing tariff policies but mandates this analysis to provide data on tariff-related economic effects.