Trump Tariff Transparency Act
Sponsors
Legislative Progress
In CommitteeMs. Pettersen (for herself, Ms. Scholten, and Ms. Stevens) introduced …
Summary
What This Bill Does
The Trump Tariff Transparency Act requires the Small Business Administration (SBA) to publish quarterly reports showing how much tariffs imposed after January 20, 2025, are costing American consumers and small businesses. The SBA must work with the Bureau of Economic Analysis to calculate these costs and make the reports public.
Who Benefits and How
Consumers and small business owners benefit from increased transparency about how tariffs affect their costs. Policy researchers, economists, and journalists gain access to official government data on tariff impacts. The public can use these reports to better understand the economic consequences of trade policy decisions.
Who Bears the Burden and How
The Small Business Administration faces a new reporting requirement, needing to compile and publish quarterly cost analyses. The Bureau of Economic Analysis must provide consultation support for these reports. Both agencies will need to dedicate staff time and resources to produce these reports on an ongoing basis.
Key Provisions
- Requires the SBA Administrator to publish quarterly reports on tariff costs starting within 90 days of enactment
- Reports must show the average aggregate cost of tariffs to consumers and small businesses
- Only applies to tariffs imposed after January 20, 2025
- The final quarterly report each year must include total annual costs
- Uses the official Small Business Act definition for small business concerns
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires the Small Business Administration to publish quarterly reports on the aggregate costs of tariffs imposed after January 20, 2025, to consumers and small businesses.
Policy Domains
Legislative Strategy
"Increase transparency around the economic impact of tariff policies implemented after January 20, 2025, by mandating government reporting"
Likely Beneficiaries
- Consumers seeking tariff cost transparency
- Small business owners
- Policy researchers and economists
- Democratic legislators seeking accountability data
Likely Burden Bearers
- Small Business Administration (reporting requirement)
- Bureau of Economic Analysis (consultation requirement)
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_director"
- → Director of the Bureau of Economic Analysis
- "the_administrator"
- → Administrator of the Small Business Administration
Key Definitions
Terms defined in this bill
As defined in section 3 of the Small Business Act (15 U.S.C. 632)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology