Sponsors (4)
The bill increases public transparency about the economic effects of tariffs to help businesses and consumers respond, while imposing modest federal reporting costs and risking confusion from preliminary estimates.
Small-business owners will receive regular, public estimates of how post‑Jan 20, 2025 tariffs raise their input and product costs, helping them plan pricing and sourcing decisions.
Consumers and taxpayers will gain clearer transparency on how recent tariffs increase prices through published aggregate cost estimates, improving consumer awareness of tariff-driven price changes.
Federal oversight will be strengthened because the SBA (with BEA) must produce regular public analyses of tariff impacts, improving transparency and accountability of tariff effects.
Preliminary or imperfect estimates may be misinterpreted by businesses, media, or policymakers, creating confusion or prompting misguided business or policy decisions.
The SBA and BEA will incur staff time and administrative costs to produce quarterly reports — and if new funding is required, taxpayers could face modest additional costs to support the analysis.
Based on analysis of 2 sections of legislative text.
Requires the SBA, with BEA consultation, to publish quarterly reports estimating the cost of tariffs imposed after Jan 20, 2025 to consumers and small businesses, with an annual total in the last quarterly report.
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 on the average aggregate cost of tariffs imposed after January 20, 2025. The first report must be issued within 90 days of enactment and thereafter on a quarterly basis, with the final quarterly report each year including the total annual cost to consumers and to small business concerns.