Before any change to a tariff or import duty could take effect, the government would first have to publish a public economic-impact study under this bill. The nonpartisan Congressional Budget Office (CBO) would be required to complete and post that review on a public website, covering any modification — whether raising or lowering a tariff — measured against the rate in place the day before the change. This would apply to importers, retailers, manufacturers, and other businesses that rely on imported goods, as well as the consumers who ultimately pay tariff costs through higher prices. The bill does not block or reverse any tariff decision; it simply requires the economic analysis to be published first, giving Congress and the public visibility into the expected effects before the change takes hold.
Transparency & Accountability
- Public economic-impact reporting — CBO must publish a review before any tariff change takes effect
Congressional Summary
This bill requires the Congressional Budget Office (CBO) to conduct an economic review of the potential economic effects of modifications to tariffs before their implementation. Specifically, the bill prohibits a modification to any tariff or other duty on imports from taking effect until CBO publishes on a publicly available website an economic review of the expected economic impact of the modification.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2025-07-10
- Date Added
- 2026-07-07
- Source
- Congress.gov →
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