Declaration of emergency with respect to cost of living

(a) Declaration There is hereby declared an emergency with respect to the high cost of living facing the people of the United States. (b) Termination (1) In general Except as provided by paragraph (2), the emergency declared under subsection (a) shall terminate on the date that is 180 days after the date of the enactment of this Act. (2) Extension The emergency declared under subsection (a) may continue after the date described in paragraph (1) if there is enacted into law a joint resolution extending the emergency. (3) Expedited procedures A joint resolution described in paragraph (2) shall be considered in accordance with the procedures set forth in section 202(c) of the National Emergencies Act (50 U.S.C. 1622(c)).