This bill aims to make the costs of recent tariffs clear by requiring regular reports from the Small Business Administration. It helps consumers and small businesses understand how tariffs impact their finances.
If you run a small business or buy goods, you will see clearer information about how tariffs affect your costs.
Who this affects
Consumers · Small businesses
What changes is this bill making?
1The bill requires regular reports on tariffs imposed after January 20, 2025.
2These reports will show the average costs of tariffs to consumers and small businesses.
3The Small Business Administration will prepare these reports every three months.
4The final report of each year will summarize the total annual tariff costs.
5The goal is to increase transparency about how tariffs affect the economy.
