Trump Tariff Transparency Act
Summary
What This Bill Does
The bill requires the Small Business Administration Administrator, in consultation with the Bureau of Economic Analysis Director, to publish a report within 90 days and quarterly thereafter on the average aggregate cost of tariffs imposed after January 20, 2025 to consumers and small business concerns. The final quarterly report for each calendar year must include the total annual tariff cost to those consumers and small businesses.
Who Benefits and How
Consumers, small business owners, economists, policy researchers, and journalists benefit from recurring public data that shows how tariffs translate into costs for households and small firms.
Who Bears the Burden and How
SBA reporting staff and Bureau of Economic Analysis economists must collect, calculate, review, and publish quarterly tariff-cost estimates and annual totals.
Key Provisions
- Requires quarterly SBA reports on post-January 20, 2025 tariff costs to consumers and small businesses.
- Requires Bureau of Economic Analysis consultation on the tariff-cost calculations.
- Requires the final quarterly report each year to include total annual tariff costs.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires SBA, with Bureau of Economic Analysis consultation, to publish quarterly public reports on the average aggregate cost of post-January 20, 2025 tariffs to consumers and small businesses, plus annual totals.
Key Policy Areas
Trade, Small Business, Consumers, Government
Primary Purpose
Requires SBA, with Bureau of Economic Analysis consultation, to publish quarterly public reports on the average aggregate cost of post-January 20, 2025 tariffs to consumers and small businesses, plus annual totals.
Policy Domains
Substantive provisions
Identified Gains
- Consumers affected by tariffs
- Small business owners
- Policy researchers
- Journalists
Identified Costs
- Small Business Administration reporting staff
- Bureau of Economic Analysis economists
Sponsors
Legislative Progress
In CommitteeMs. Pettersen (for herself, Ms. Scholten, and Ms. Stevens) introduced …
Referred to the House Committee on Small Business.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bureau of Economic Analysis economists, Small Business Administration reporting staff
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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