W.A.R. Act Wartime Anti-Profiteering and Relief Act

This bill creates a temporary tax credit for middle-income households earning between $80,000 and $160,000 to help offset rising costs for commuting, groceries, and utilities during a designated emergency period related to the U.S.-Israel-Iran conflict. The credit is refundable and will automatically phase out once the conflict ends or energy prices return to normal levels for at least 180 consecutive days. It also establishes federal price gouging prohibitions on fuel, heating, and essential consumer staples, allowing the FTC and Department of Justice to enforce penalties against businesses that charge grossly excessive prices without justified cost increases. The bill includes a requirement for the FTC to study state and local price gouging laws during the emergency and report recommendations to Congress within 18 months. All provisions expire when the designated emergency period ends, though enforcement actions can continue after that date.