Truth in Tariffs Act

# Truth in Tariffs Act Summary The Truth in Tariffs Act (HR 3306) would require the federal government to provide more transparency and disclosure about tariffs—taxes placed on imported goods. Specifically, the bill aims to ensure that consumers, businesses, and the public have clearer information about how tariffs affect prices and the economy. While the bill's full details aren't specified in the available information, transparency bills of this type typically require government agencies to publish data, conduct studies, or provide public reports on tariff impacts. The bill would primarily affect importers, businesses that rely on foreign goods, consumers who buy products containing imported materials, and policymakers making trade decisions.

It could also impact federal agencies like the Commerce Department that oversee trade policy. **Current Status:** The bill is currently in committee, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives. For more specific details about the bill's exact provisions, you can review the full text on Congress.gov.