Sponsors (19)
The bill gives Congress clearer, quantitative analyses of how proposed tariffs would affect consumer prices, retaliation, and investment—improving policy choices for households, businesses, and farmers—but requires agency resources and could increase short-term market or political uncertainty and highlight potential consumer cost and fiscal pressures.
Middle-class families and taxpayers will receive a comprehensive, quantitative estimate of how proposed duties would raise consumer prices for key goods (food, energy, vehicles, medicine), giving lawmakers concrete cost figures to guide decisions.
Small business owners and farmers will get analysis of how retaliatory measures by Mexico and Canada could harm their sales and supply chains, helping Congress weigh international responses and protect affected firms and workers.
Small businesses and middle-class families will benefit from an assessment of how trade uncertainty and tariff threats affect business investment, R&D, jobs, and contracts, improving lawmakers' ability to evaluate economic risks of proposed duties.
Federal employees and the USITC will need to allocate time and agency resources to prepare the mandated detailed report, potentially delaying other investigations or requiring funding shifts.
Transportation workers and small-business owners could face short-term increased market or political uncertainty if public release of detailed sector price impacts influences markets or debates.
Middle-class families and taxpayers may face higher costs or pressure for compensatory fiscal policies if the report shows large price increases, potentially creating broader economic or budgetary effects.
Based on analysis of 2 sections of legislative text.
Introduced March 11, 2025 by Angela Deneece Alsobrooks · Last progress March 11, 2025
Requires the U.S. International Trade Commission (USITC) to study and report to Congress on the economic effects of duties proposed or announced on imports from Mexico and Canada. The USITC must quantify likely price and supply impacts across many categories (food, energy, vehicles and parts, housing costs, medical goods, apparel, electronics, farming inputs, critical minerals, and defense-related goods), assess the effects of retaliatory measures on U.S. consumers and producers, and evaluate how the threat of duties and related uncertainty could affect business investment, jobs, and contracts. The report must remove confidential business information and be submitted within one year of enactment; one section of the bill only provides a short title and has no substantive effects.