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The W.A.R. Act provides emergency relief to middle-income American households facing higher costs due to war-related disruptions in global energy markets caused by a conflict involving the United States, Israel, and Iran. The bill creates a refundable tax credit for households earning between $80,000 and $160,000 annually, calculated to offset increases in commuting, grocery, and utility costs, with the amount adjusted for family size and regional variations. Simultaneously, the legislation prohibits price gouging on fuel, home heating, and essential consumer goods by making it illegal under the Federal Trade Commission Act to charge prices that represent grossly excessive increases over pre-conflict levels unless justified by additional costs incurred by sellers. The Federal Trade Commission and Department of Justice are authorized to enforce these price controls, and the FTC must study existing state price-gouging laws and report recommendations to Congress within 18 months. All provisions automatically terminate at the end of the designated emergency period, which is defined as ending no later than 365 days after a ceasefire is certified by the President or when energy prices have materially normalized for 180 consecutive days.

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