American Family Cost-of-Living Relief Act of 2026

This bill requires federal agencies to analyze how new regulations will affect household costs before they are finalized. It mandates that agencies publish an initial impact statement detailing potential cost increases, affected goods, and possible alternatives, along with a final report that addresses public comments. The law prohibits agencies from issuing final rules that raise household costs by $50 or more annually unless the rule is legally required or addresses specific emergencies like national security threats or major disasters. Additionally, the Office of Management and Budget must annually review and report on major rules that have significantly increased living expenses, while courts are given the authority to review agency compliance with these new requirements.