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Transparency in Tariff Changes: President Must Justify Decisions

This new act requires the President to publicly justify any changes to import tariffs before they take effect. This means greater transparency in decisions affecting the prices of imported goods, which may indirectly influence the cost of products available to citizens.
Key points
The President must announce and provide a detailed justification for any tariff change (increase or decrease) at least 48 hours before it takes effect.
Justifications for tariff changes will be publicly available, increasing citizens' awareness of the reasons behind fluctuations in imported product prices.
The U.S. Trade Representative will be required to brief Congress on these decisions, ensuring additional oversight of trade policy.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3292
Sponsor: Rep. Kim, Young [R-CA-40]
Process start date: 2025-05-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

REPORT Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3292.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-08.

What are the main provisions?

Key points include:

  • The President must announce and provide a detailed justification for any tariff change (increase or decrease) at least 48 hours before it takes effect.
  • Justifications for tariff changes will be publicly available, increasing citizens' awareness of the reasons behind fluctuations in imported product prices.
  • The U.S. Trade Representative will be required to brief Congress on these decisions, ensuring additional oversight of trade policy.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kim, Young [R-CA-40].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy