Truth in Tariffs Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3306 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3306

To ensure transparency with respect to the impact of certain tariffs on 
              the prices of goods, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 8, 2025

  Mr. Raskin (for himself, Mr. Fields, Mr. McGovern, Ms. Simon, Mrs. 
  Fletcher, Ms. Velazquez, Mr. Doggett, Mr. Garcia of California, Ms. 
 Kamlager-Dove, Ms. Stansbury, Mr. Carbajal, Mr. Casar, and Ms. Garcia 
  of Texas) introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
To ensure transparency with respect to the impact of certain tariffs on 
              the prices of goods, 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 ``Truth in Tariffs Act''.

SEC. 2. TARIFF IMPACT TRANSPARENCY.

    (a) Requirement.--No person may sell to a consumer in the United 
States a good without displaying to such consumer, in a clear and 
conspicuous manner, the portion of the price of such good that is 
attributable to a covered tariff (identified as the ``tariff 
surcharge'').
    (b) Exemption.--Subsection (a) does not apply to a sale made by a 
small business concern.
    (c) Regulations.--The Federal Trade Commission may promulgate, in 
accordance with section 553 of title 5, United States Code, such 
regulations as may be necessary to carry out this section.
    (d) Enforcement by Federal Trade Commission.--
            (1) Unfair or deceptive acts or practices.--A violation of 
        this section or a regulation promulgated under this section 
        shall be treated as a violation of a regulation under section 
        18(a)(1)(B) of the Federal Trade Commission Act (15 U.S.C. 
        57a(a)(1)(B)) regarding unfair or deceptive acts or practices.
            (2) Powers of commission.--The Federal Trade Commission 
        shall enforce this section and the regulations promulgated 
        under this section in the same manner, by the same means, and 
        with the same jurisdiction, powers, and duties as though all 
        applicable terms and provisions of the Federal Trade Commission 
        Act (15 U.S.C. 41 et seq.) were incorporated into and made a 
        part of this Act. Any person who violates this section or a 
        regulation promulgated under this section shall be subject to 
        the penalties and entitled to the privileges and immunities 
        provided in the Federal Trade Commission Act.
    (e) Applicability.--This section shall apply to a sale that occurs 
on or after the date that is 30 days after the date of the enactment of 
this Act.
    (f) Definitions.--In this section:
            (1) Covered tariff.--The term ``covered tariff'' means a 
        tariff, including a tariff rate change--
                    (A) imposed on an emergency or other discretionary 
                basis by the President; and
                    (B) that entered into force on or after January 20, 
                2025.
            (2) Small business concern.--The term ``small business 
        concern'' has the meaning given such term under section 3 of 
        the Small Business Act (15 U.S.C. 632).
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