Rep. Jamaal Bowman (D-NY), who is backed by the Democratic Socialists of America, is set to introduce the “Emergency Price Stabilization Act,” which would give the White House powers to control prices for rent and housing, food, energy, and health care. Bowman said it’s important that the federal government “act quickly to protect people from the kinds of price shocks we are seeing now,” and goes further to say that the bill is a first step “to redesign our economy”. Bowman added that “we need a revolution in governance.”