This bill requires the Administrator of the Small Business Administration (SBA), in consultation with the Director of the Bureau of Economic Analysis (BEA), to make public a report on the average aggregate cost of tariffs imposed after January 20, 2025, to consumers and small business concerns (as defined in section 3 of the Small Business Act). The report must be published not later than 90 days after the law is enacted and then quarterly. The final quarterly report for each calendar year must include the total annual cost of those tariffs.
If you are a consumer or run a small business, the SBA will publish quarterly reports showing the average aggregate cost of tariffs imposed after January 20, 2025. Each year’s final quarterly report will also show the total annual cost. The SBA will prepare these reports with input from the BEA.
No publicly available information on estimated costs to the federal government to prepare these reports or on implementation costs. No cost estimates for consumers or small businesses are provided in the bill text.
No publicly available information on proponents' arguments or statements in the bill text or provided metadata.
No publicly available information on opponents' arguments or statements in the bill text or provided metadata.