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Price Transparency: Disclosing Tariff Costs on Goods

This new law requires sellers in the U.S. to clearly show what portion of a product's price comes from tariffs. This aims to help citizens better understand what influences the prices of goods they buy. Small businesses are exempt from this requirement.
Key points
Sellers must clearly display the tariff portion of a product's price.
The goal is to increase price transparency for consumers.
Small businesses are exempt from these new rules.
The Federal Trade Commission will enforce these regulations.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3306
Sponsor: Rep. Raskin, Jamie [D-MD-8]
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

Truth in Tariffs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3306.

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:

  • Sellers must clearly display the tariff portion of a product's price.
  • The goal is to increase price transparency for consumers.
  • Small businesses are exempt from these new rules.
  • The Federal Trade Commission will enforce these regulations.
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. Raskin, Jamie [D-MD-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Energy and Commerce.

Is this summary verified?

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

CATEGORIES

Economy