This legislation aims to provide emergency financial relief to middle-income American households facing increased costs of living due to the U.S.-Israel-Iran conflict. It establishes a refundable war inflation credit for middle-income households, defined as those with incomes between $80,000 and $160,000, to offset average increases in commuting, grocery, and utility costs directly or indirectly resulting from the conflict. The bill also includes provisions to combat price gouging during the designated emergency period. It prohibits entities from selling essential goods, such as motor fuel, home heating fuels, and basic consumer staples, at grossly excessive prices not attributable to increased costs. The Federal Trade Commission and the Department of Justice are granted authority to enforce these prohibitions, while state enforcement powers are preserved. All authorities and programs under this Act, including the tax credit and price gouging prohibitions, will terminate at the end of the emergency period, which concludes either 365 days after a certified ceasefire or when energy prices have normalized. The Federal Trade Commission is also mandated to study state price gouging laws and recommend whether a permanent federal standard is needed for declared emergencies.