119-s1741

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1741 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1741

To ensure transparency with respect to the impact of certain tariffs on 
 the prices of goods, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 May 13, 2025

 Mr. Schumer introduced the following bill; which was read twice and 
 referred to the Committee on Commerce, Science, and Transportation

_______________________________________________________________________

 A BILL

To ensure transparency with respect to the impact of certain tariffs on 
 the prices of goods, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Truth in Tariffs Act''.

SEC. 2. TARIFF IMPACT TRANSPARENCY.

    (a) Requirement.--Beginning on the date that is 30 days after the 
date of enactment of this section, subject to subsection

    (b) , no person 
may sell to a consumer in the United States a good without displaying 
to such consumer, in a clear and conspicuous manner, the portion of the 
price of such good that is attributable to a covered tariff, which 
shall be identified to the consumer as the ``tariff surcharge''.

    (b) Exemption.--The requirements of subsection

    (a) shall not apply 
to a sale made by a small business concern (as such term is defined in 

section 3 of the Small Business Act (15 U.S.C. 632)).
            (c) Enforcement by the Commission.--

    (1) Unfair or deceptive acts or practices.--A violation of 
 this section or a regulation promulgated under this section 
 shall be treated as a violation of a rule defining an unfair or 
 deceptive act or practice prescribed under 

section 18

    (a)

    (1)
        (B) of the Federal Trade Commission Act (15 U.S.C. 57a

    (a)

    (1)
        (B) ).

    (2) Powers of the commission.--
        (A) In general.--The Commission shall enforce this 
 section and the regulations promulgated under this 
 section in the same manner, by the same means, and with 
 the same jurisdiction, powers, and duties as though all 
 applicable terms and provisions of the Federal Trade 
 Commission Act (15 U.S.C. 41 et seq.) were incorporated 
 into and made a part of this Act.
        (B) Privileges and immunities.--Any person who 
 violates this section or a regulation promulgated under 
 this section shall be subject to the penalties and 
 entitled to the privileges and immunities provided in 
 the Federal Trade Commission Act.
            (C) Authority preserved.--Nothing in this Act shall 
 be construed to limit the authority of the Commission 
 under any other provision of law.
            (D) Rulemaking.--The Commission may promulgate, in 
 accordance with 

section 553 of title 5, United States 
 Code, such regulations as may be necessary to carry out 
 this section.
            (d) === Definitions. ===
-In this section:

    (1) Commission.--The term ``Commission'' means the Federal 
 Trade Commission.

    (2) Covered tariff.--The term ``covered tariff'' means a 
 tariff, including a tariff rate change--
        (A) imposed on an emergency or other discretionary 
 basis by the President; and
        (B) that entered into force on or after January 20, 
 2025.
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