HR3292119th CongressWALLET

REPORT Act

Sponsored By: Representative Kim

Introduced

Summary

Transparency and congressional oversight for emergency tariff changes. The REPORT Act would require the President to publish a notice and a detailed justification in the Federal Register at least 48 hours before any emergency or discretionary increase or decrease in import duties takes effect, and would require the United States Trade Representative to brief the House Ways and Means Committee and the Senate Finance Committee within 7 days.

Show full summary
  • Importers, businesses, and the public: Receive a public notice and a detailed justification at least 48 hours before emergency or discretionary tariff changes, giving stakeholders time to see and prepare for shifts.
  • Congress and oversight bodies: The United States Trade Representative (USTR) must brief the House Ways and Means and Senate Finance committees within 7 days and provide the rationale for the duty change.
  • Executive branch actions: Applies to any law or regulation that authorizes emergency or discretionary adjustments to duties, making those tariff actions subject to public notice and congressional briefings.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Importers would get tariff change notice

If enacted, importers would get at least 48 hours’ notice before emergency or discretionary tariff changes. The President would have to publish a notice and detailed reason in the Federal Register. The U.S. Trade Representative would brief House Ways and Means and Senate Finance within 7 days. This would apply to increases or decreases in import duties. It would take effect upon enactment and does not change tariff rates.

Sponsors & CoSponsors

Sponsor

Kim

CA • R

Cosponsors

  • Hurd (CO)

    CO • R

    Sponsored 5/8/2025

  • Bacon

    NE • R

    Sponsored 5/19/2025

Roll Call Votes

No roll call votes available for this bill.

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