Bill · H.R. 3306· House(119-HR-3306)

Truth in Tariffs Act

Age: 64 years

Maryland

Introduced: 5/8/2025
Last activity: 5/8/2025 — Referred to the House Committee on Energy and Commerce.
Sponsored by: Jamie Raskin
Cosponsors: - 33 - 0

Commerce

Introduced
In Committee

What this bill would do

The "Truth in Tariffs Act" aims to increase transparency regarding how certain tariffs affect the prices of goods sold to consumers. It requires sellers to clearly display the portion of a product's price that is due to a "covered tariff," which includes tariffs imposed by the President on an emergency or discretionary basis after January 20, 2025. This requirement does not apply to small business concerns. The Federal Trade Commission is tasked with creating regulations and enforcing these rules. Violations will be treated as unfair or deceptive acts or practices under the Federal Trade Commission Act.

Yes· 3 of 4

Does this give people more protection from unfair business practices?+6
The bill requires sellers to clearly disclose the portion of a price attributable to specific tariffs, helping consumers avoid deceptive pricing.
Does this make what the government does easier for the public to see?+5
The act mandates clear price disclosures that increase transparency regarding the economic impact of tariffs on consumer goods.
Would households on low incomes be better off under this?+3
Increased price transparency allows lower-income consumers to better understand how tariffs affect their purchasing power.