Bill > HR3306

This bill, known as the "Truth in Tariffs Act," requires sellers in the United States to clearly display the portion of a product's price attributable to certain tariffs (called a "tariff surcharge") when selling goods to consumers. Small businesses are exempt from this requirement. The bill specifically focuses on tariffs imposed by the President on an emergency or discretionary basis that go into effect on or after January 20, 2025. The Federal Trade Commission (FTC) is authorized to create regulations to implement this transparency measure and will have the power to enforce it, treating violations as unfair or deceptive acts or practices under existing FTC regulations. Sellers who do not comply would be subject to penalties outlined in the Federal Trade Commission Act. The bill would take effect 30 days after its enactment, giving businesses time to adjust their pricing and disclosure practices. The primary goal is to provide consumers with more information about how tariffs impact the prices they pay for goods.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3306/all-info