What is the current status of HR 6991?

HR 6991 is currently: Introduced.

Who sponsored HR 6991?

HR 6991 was sponsored by Beth Van Duyne (R), Rep.

Import Tax Increase Bill

IntroducedJanuary 8, 2026

Introduced8 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

The Fair Trade Act of 2026 aims to impose higher taxes on imported goods based on the trade balance with other countries. This could affect prices for consumers and businesses that rely on imported products.

If you buy imported products, you might pay more due to these new taxes.

Who this affects

Consumers · Businesses

What changes is this bill making?

1This bill adds extra taxes on imported goods to the United States.
2Goods from countries with a trade surplus will face a 10 percent tax.
3Goods from countries with a trade deficit will face a 15 percent tax.
4The President can lower these taxes if it's in the national interest.
5These new taxes will be added on top of any existing import duties.

Last changed 4 months ago · checked hourly

Import Tax Increase Bill

IntroducedJanuary 8, 2026

Introduced8 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

If you buy imported products, you might pay more due to these new taxes.

Who this affects

Consumers · Businesses

What changes is this bill making?

1This bill adds extra taxes on imported goods to the United States.
2Goods from countries with a trade surplus will face a 10 percent tax.
3Goods from countries with a trade deficit will face a 15 percent tax.
4The President can lower these taxes if it's in the national interest.
5These new taxes will be added on top of any existing import duties.

Last changed 4 months ago · checked hourly