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US SB959

Bill

Status

Introduced

3/11/2025

Primary Sponsor

Angela Alsobrooks

Click for details

Origin

Senate

119th Congress

AI Summary

  • Requires the U.S. International Trade Commission to investigate and report to Congress on the impact of 25% duties on imports from Mexico and Canada, and 10% duties on Canadian energy imports proposed by President Trump

  • Mandates assessment of consumer price impacts across specific categories including food, energy, critical minerals, vehicles, housing construction, pharmaceuticals, apparel, consumer electronics, farming inputs, and defense manufacturing

  • Requires analysis of retaliatory measures by Mexico and Canada, including retaliatory duties and export restrictions, and their effects on U.S. consumers, small businesses, farmers, and ranchers

  • Directs evaluation of business uncertainty caused by arbitrary delays, pauses, and ad hoc tariff announcements, including impacts on business investment, job creation, contract cancellations, and producer prices

  • Report must be submitted to Congress within one year of enactment with confidential business information removed

Legislative Description

Tariff Transparency Act of 2025

Foreign trade and international finance

Last Action

Read twice and referred to the Committee on Finance.

3/11/2025

Committee Referrals

Finance3/11/2025

Full Bill Text

No bill text available