S 959 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Tariff Transparency Act of 2025
To require the United States International Trade Commission to conduct an investigation and submit a report on the impact on businesses in the United States of duties, and the threat of duties, on imports from Mexico and Canada, and for other purposes.
Summary
This bill requires the United States International Trade Commission to conduct an investigation and report to Congress on the economic impacts of proposed 25 percent tariffs on imports from Mexico and Canada and 10 percent tariffs on Canadian energy imports. The report must include quantitative assessments of how these tariffs would affect consumer prices for food, energy, vehicles, pharmaceuticals, housing, electronics, farming inputs, and other goods, as well as regional price impacts. The report must also assess qualitative and quantitative impacts on U.S. businesses from the threat of tariffs and trade uncertainty, including effects on business investment, job creation, contract cancellations, and small businesses. The bill requires the Commission to submit the completed report to Congress within one year of enactment, with all confidential business information removed from the public version.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
18 cosponsors
- Sen. Bennet, Michael F. [D-CO] (D-CO)
- Sen. Blumenthal, Richard [D-CT] (D-CT)
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE)
- Sen. Coons, Christopher A. [D-DE] (D-DE)
- Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Sen. Kaine, Tim [D-VA] (D-VA)
- Sen. Kim, Andy [D-NJ] (D-NJ)
- Sen. Klobuchar, Amy [D-MN] (D-MN)
- Sen. Luján, Ben Ray [D-NM] (D-NM)
- Sen. Murphy, Christopher [D-CT] (D-CT)
- Sen. Rosen, Jacky [D-NV] (D-NV)
- Sen. Schatz, Brian [D-HI] (D-HI)
- Sen. Schiff, Adam B. [D-CA] (D-CA)
- Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Warner, Mark R. [D-VA] (D-VA)
- Sen. Welch, Peter [D-VT] (D-VT)
- Sen. Wyden, Ron [D-OR] (D-OR)
Actions (2)
- Mar 11, 2025 Read twice and referred to the Committee on Finance. · senate
- Mar 11, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
March 11 (legislative day, March 10), 2025
Ms. Alsobrooks (for herself, Mr. Wyden, Mr. Coons, Ms. Cortez Masto, Mr. Kaine, Mrs. Shaheen, Ms. Blunt Rochester, Ms. Rosen, Mr. Bennet, Mr. Schatz, Mr. Van Hollen, Mr. Warner, Mr. Blumenthal, Mr. Murphy, Mr. Welch, Mr. Schiff, and Mr. Kim) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To require the United States International Trade Commission to conduct an investigation and submit a report on the impact on businesses in the United States of duties, and the threat of duties, on imports from Mexico and Canada, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Tariff Transparency Act of 2025”.
SEC. 2. INVESTIGATION AND REPORT ON ADDITIONAL DUTIES IMPOSED WITH RESPECT TO MEXICO AND CANADA.
(a) In General.—Pursuant to section 332(g) of the Tariff Act of 1930 (19 U.S.C. 1332(g)), the United States International Trade Commission shall conduct an investigation and submit to Congress a report on—
(1) the impact on consumer prices of—
(A) the 25 percent duties proposed or announced by President Trump with respect to imports from Mexico and Canada; and
(B) the 10 percent duties proposed or announced by President Trump with respect to energy imports from Canada;
(2) the impact on consumers, small businesses, farmers, and ranchers in the United States of any retaliation, including retaliatory duties and export restrictions, imposed by Mexico and Canada in response to duties imposed by President Trump; and
(3) the impact on businesses in the United States of the threat of duties and associated uncertainty with respect to the trade relationship between the United States, Mexico, and Canada.
(b) Elements.—The report required by subsection (a) shall contain the following:
(1) A quantitative assessment of the impact of duties specified in subsection (a)(1) on consumer prices, which shall include an assessment of prices of the following:
(A) Food, including food generally, but also broken down into subsections included in the monthly consumer price index report set forth by the Bureau of Labor Statistics, which includes meats, poultry, fish, eggs, dairy, fruits and vegetables, alcohol, frozen goods, and nonalcoholic beverages.
(B) Energy, including electricity, transportation fuel, and heating, which shall include an analysis of regional price impacts.
(C) Critical minerals.
(D) Vehicles and related parts.
(E) Shelter, including housing construction costs.
(F) Medical goods, including pharmaceuticals and other products affecting the cost of health care.
(G) Apparel and footwear.
(H) Consumer electronics.
(I) Farming inputs.
(J) Defense manufacturing, including aerospace products.
(2) A qualitative, and to the extent possible, quantitative assessment of the consequences on businesses in the United States of the persistent threat of duties and associated uncertainty with respect to the trade relationship between the United States, Mexico, and Canada that is created by arbitrary delays, pauses, and ad hoc sectoral announcements, which shall include impacts on the following:
(A) Business investment, including research and development, capital deployment, expansion, and other matters.
(B) Job creation and employment.
(C) Contract cancellations.
(D) Small businesses.
(E) Producer prices.
(c) Timing.—
(1) In general.—Not later than one year after the date of the enactment of this Act, the United States International Trade Commission shall submit to Congress the report required under subsection (a).
(2) Confidentiality.—The United States International Trade Commission shall remove any confidential business information from the findings and report submitted under paragraph (1). <all>
Comments