HR4326119th CongressWALLET

To require the Congressional Budget Office to conduct an economic review of the economic impact of tariff modifications before implementation.

Sponsored By: Representative Gottheimer

Introduced

Summary

Requires a CBO economic review before tariff changes take effect. This bill would condition any change to an import tariff or duty on the Congressional Budget Office publishing an economic review on its public website before the change can enter into effect.

Show full summary
  • Families and consumers could see tariff-driven price changes delayed while the CBO completes and posts its economic review.
  • Importers and exporters would face added timing uncertainty because no tariff modification may take effect until that CBO review is published.
  • Trade decisionmakers would need a published CBO analysis for any tariff change measured against the rate in effect the day before enactment, creating a mandatory procedural step.

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Bill Overview

Analyzed Economic Effects

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

Tariff changes delayed until budget review

If enacted, this bill would make any change to import tariffs wait for an economic review by the Congressional Budget Office. A tariff change would not take effect until the Office posts the review on its public website. The rule would start on the date of enactment and uses the tariff rate from the day before as the baseline. This could delay both tariff hikes and tariff cuts, which may affect prices for imported goods. The bill does not set a deadline or add new funding for these reviews.

Sponsors & CoSponsors

Sponsor

Gottheimer

NJ • D

Cosponsors

  • Fields

    LA • D

    Sponsored 7/10/2025

  • Carson

    IN • D

    Sponsored 7/10/2025

  • Titus

    NV • D

    Sponsored 7/10/2025

Roll Call Votes

No roll call votes available for this bill.

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