Sponsors (3)
The bill improves transparency for businesses and consumers about the cost effects of recent tariffs, at the tradeoff of modest federal administrative costs and the risk that early estimates could be misread or misused.
Small business owners will receive regular, public estimates of how post‑Jan 20, 2025 tariffs raise their input and product costs, giving them data to plan pricing, sourcing, and budgeting.
Consumers and taxpayers will gain clearer, regular information on aggregate tariff-driven price increases, improving transparency about how tariffs affect household and economy-wide costs.
Federal accountability and oversight are strengthened by requiring the SBA (with BEA) to produce and publish recurring analyses of tariff impacts, increasing government transparency.
Preliminary or model-based estimates may be imprecise and could be misinterpreted by businesses, media, or the public, leading to confusion or misguided business decisions.
SBA and BEA will incur additional administrative workload to produce quarterly reports, which could divert staff time from other priorities.
If report production requires new appropriations or contracts, taxpayers could face modest additional costs to fund SBA/BEA analysis work.
Based on analysis of 2 sections of legislative text.
Requires SBA, with BEA consultation, to publish quarterly public reports estimating aggregate costs of tariffs imposed after Jan 20, 2025 to consumers and small businesses, with annual totals.
Official title: To require the Administrator of the Small Business Administration to report on certain costs of tariffs, and for other purposes.
Introduced December 18, 2025 by Brittany Pettersen · Last progress December 18, 2025
Requires the Small Business Administration, working with the Bureau of Economic Analysis, to publish a public report within 90 days of enactment and then quarterly about the average aggregate cost of tariffs imposed after January 20, 2025, on consumers and small businesses. Each final quarterly report for a calendar year must include the total annual cost of those tariffs to consumers and small business concerns.