Home Market Restoration Act of 2026
Sponsored By: Senator Cassidy, Bill [R-LA]
Introduced
Summary
Sets country-specific tariff‑rate quotas and steep above‑quota tariffs across seafood, honey, rice, beef, and other agricultural imports to limit low‑cost imports and reserve quota volumes for designated exporters. The bill defines detailed product categories, fixes per‑country kilo allocations for many commodities, and sets high penalty rates when quotas are exceeded.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New import limits for key foods
If enacted, this bill would impose new quantity limits and high above‑quota duties on several food imports. Rice imports would be capped at 10% of U.S. rice use each year starting in 2028, with a 2027 transition allocation and country shares set (India 12%, Pakistan 14%, Thailand 58%, Vietnam 2%, others 14%); amounts above those limits would face a 65% duty and some country shipments would face 130% if they exceed 120% of their share. The bill would also set a quarterly honey quota of 39,235,740 kg with country and product category shares and an above‑quota charge equal to commercial landed value minus average U.S. cost of production. It would create annual country quotas and above‑quota duties for shrimp (40% ad valorem), catfish fillets (50% in‑quota, 200% above quota), beef (above‑quota charge $6.55 per kg), and crawfish (country allocations); honey importers would need exporter licenses and CBP publication of limits. These changes would raise costs for importers and could raise retail prices while reducing foreign competition for some U.S. producers.
Sponsors & CoSponsors
Sponsor
Cassidy, Bill [R-LA]
LA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov