Trump Tariff Transparency Act
Sponsored By: Representative Pettersen
Introduced
Summary
Quarterly public reporting of the cost of tariffs on households and small businesses. This bill would require the Administrator of the Small Business Administration, in consultation with the Bureau of Economic Analysis, to publish quarterly estimates of the average aggregate cost of tariffs imposed after January 20, 2025 to consumers and to small business concerns as defined in the Small Business Act.
Show full summary
- Households would get a regular estimate of how tariffs affect consumer prices, with quarterly updates and a total annual cost included in each year’s final quarterly report.
- Small business concerns would receive aggregated quarterly and annual estimates of tariff costs that use the Small Business Act definition of a small business concern.
- Policymakers, researchers, and the public would gain a recurring, publicly accessible dataset produced by the SBA with BEA input; the first report would be due within 90 days of enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Quarterly tariff cost reports for consumers and small businesses
If enacted, the SBA Administrator, working with the BEA Director, would publish public reports on tariff costs. The reports would estimate the average total cost of tariffs imposed after January 20, 2025. They would show costs to consumers and to small business concerns, using the Small Business Act definition. The first report would be due within 90 days after enactment. After that, reports would come every quarter. The last quarterly report each year would include the total annual cost.
Sponsors & CoSponsors
Sponsor
Pettersen
CO • D
Cosponsors
Scholten
MI • D
Sponsored 12/18/2025
Stevens
MI • D
Sponsored 12/18/2025
Roll Call Votes
No roll call votes available for this bill.
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