Trump Tariff Transparency Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Trump Tariff Transparency Act requires the Small Business Administration to regularly report on the costs of tariffs imposed on consumers and small businesses. Specifically, the Administrator will publish quarterly reports starting 90 days after the bill’s enactment, detailing the average cost of tariffs. These reports will also include an annual total cost calculation for each calendar year.
Key provisions
- The Small Business Administration will produce quarterly reports.
- Reports will detail the average cost of tariffs to consumers and small businesses.
- Annual total cost of tariffs will be calculated and reported.
- Reports must be publicly available.
- The reports will begin 90 days after the bill’s enactment.
Who is affected
- Consumers
- Small businesses
- Small Business Administration
- Bureau of Economic Analysis
Notable changes
- Requires regular reporting on tariff costs.
- Defines the scope of affected businesses as ‘small business concerns’ as defined by the Small Business Act.
Bill text
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Sponsors
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4 on record
Primary sponsor
Cosponsors
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