To require the Congressional Budget Office to conduct an economic review of the economic impact of tariff modifications before implementation.

# Summary of HR 4326 **What the Bill Would Do** HR 4326 would require the Congressional Budget Office (CBO)—Congress's independent fiscal analysis agency—to study and report on the economic effects of any proposed tariff changes before they take effect. Tariffs are taxes on imported goods. Under this bill, before the government could implement new tariffs or modify existing ones, the CBO would need to assess how those changes might affect the economy, including impacts on prices, jobs, and businesses. **Who It Affects and Key Provisions** This bill would primarily affect policymakers and the executive branch, which typically proposes tariff changes.

Indirectly, it could impact American consumers and businesses that rely on imports or export products abroad. The bill's main provision is straightforward: it creates a mandatory review process requiring economic analysis before tariff modifications are implemented, giving Congress data-driven information to inform their decisions. **Current Status** HR 4326 is currently in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. The bill was sponsored by Representative Josh Gottheimer (D-NJ).