Toll of Tariffs Act of 2025
- Bill Number
- H.R. 4962
- Origin Chamber
- House
- Congress
- 119th Congress, Session 1
- Policy Area
- Foreign Trade and International Finance
- Status
- Introduced
- Latest Action
- 2025-08-12: Referred to the House Committee on Ways and Means.
- Last Updated
- 2026-05-26T16:00:02Z
AI-Generated Summary
Purpose The Toll of Tariffs Act of 2025 directs the United States International Trade Commission to examine the inflationary effects of tariffs imposed through executive orders issued on or after January 20, 2025.
Key Provisions
- Requires the Commission to conduct a study focused on how these tariffs affect inflation.
- Mandates submission of a report to Congress within 60 days of the bill’s enactment.
- The report must include the study’s findings and specific impacts on the Consumer Price Index for All Urban Consumers (CPI-U) as well as comparable price measures for non-urban areas.
Significant Changes to Existing Law This legislation introduces a new, one-time directive to the Commission rather than amending prior statutes. It adds a statutory requirement for the agency to analyze and report on tariff-related inflation within a fixed timeframe.
Potential Impacts
- Government agencies: Assigns the Commission a specific research and reporting task, potentially requiring allocation of staff and resources.
- Citizens: The resulting data could inform public understanding of how tariffs influence consumer prices tracked by the Bureau of Labor Statistics.
- International relations: The study may generate information relevant to ongoing trade policy discussions, though the bill itself does not alter tariff levels or trade agreements.
Main Stakeholders Affected
- The United States International Trade Commission (primary agency tasked with the study).
- Congress (recipient of the report).
- Consumers and businesses, through potential future policy decisions informed by the CPI data.
- The Bureau of Labor Statistics (data source referenced in the report).
Notable Legal, Constitutional, or Political Implications The bill exercises Congress’s oversight authority over executive actions by requiring an independent agency to evaluate inflation effects of presidential tariffs. It does not create new regulatory powers or change tariff authority, but it establishes a formal mechanism for congressional review of recent executive trade measures.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Rep. Scholten, Hillary J. [D-MI-3]
Cosponsors (3)
Rep. Landsman, Greg [D-OH-1], Rep. Tran, Derek [D-CA-45], Rep. Pettersen, Brittany [D-CO-7]
Recent Actions
- 2025-08-12: Referred to the House Committee on Ways and Means.
- 2025-08-12: Introduced in House
- 2025-08-12: Introduced in House
Bill Versions
- Toll of Tariffs Act of 2025 — issued 2025-08-12 — PDF (2 pages)