119-s959

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 959 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 959

To require the United States International Trade Commission to conduct 
an investigation and submit a report on the impact on businesses in the 
 United States of duties, and the threat of duties, on imports from 
 Mexico and Canada, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 March 11 (legislative day, March 10), 2025

 Ms. Alsobrooks (for herself, Mr. Wyden, Mr. Coons, Ms. Cortez Masto, 
 Mr. Kaine, Mrs. Shaheen, Ms. Blunt Rochester, Ms. Rosen, Mr. Bennet, 
Mr. Schatz, Mr. Van Hollen, Mr. Warner, Mr. Blumenthal, Mr. Murphy, Mr. 
 Welch, Mr. Schiff, and Mr. Kim) introduced the following bill; which 
 was read twice and referred to the Committee on Finance

_______________________________________________________________________

 A BILL

To require the United States International Trade Commission to conduct 
an investigation and submit a report on the impact on businesses in the 
 United States of duties, and the threat of duties, on imports from 
 Mexico and Canada, 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 ``Tariff Transparency Act of 2025''.

SEC. 2. INVESTIGATION AND REPORT ON ADDITIONAL DUTIES IMPOSED WITH 
 RESPECT TO MEXICO AND CANADA.

    (a) In General.--Pursuant to 

section 332

    (g) of the Tariff Act of 
1930 (19 U.S.C. 1332

    (g) ), the United States International Trade 
Commission shall conduct an investigation and submit to Congress a 
report on--

    (1) the impact on consumer prices of--
        (A) the 25 percent duties proposed or announced by 
 President Trump with respect to imports from Mexico and 
 Canada; and
        (B) the 10 percent duties proposed or announced by 
 President Trump with respect to energy imports from 
 Canada;

    (2) the impact on consumers, small businesses, farmers, and 
 ranchers in the United States of any retaliation, including 
 retaliatory duties and export restrictions, imposed by Mexico 
 and Canada in response to duties imposed by President Trump; 
 and

    (3) the impact on businesses in the United States of the 
 threat of duties and associated uncertainty with respect to the 
 trade relationship between the United States, Mexico, and 
 Canada.

    (b) Elements.--The report required by subsection

    (a) shall contain 
the following:

    (1) A quantitative assessment of the impact of duties 
 specified in subsection

    (a)

    (1) on consumer prices, which shall 
 include an assessment of prices of the following:
        (A) Food, including food generally, but also broken 
 down into subsections included in the monthly consumer 
 price index report set forth by the Bureau of Labor 
 Statistics, which includes meats, poultry, fish, eggs, 
 dairy, fruits and vegetables, alcohol, frozen goods, 
 and nonalcoholic beverages.
        (B) Energy, including electricity, transportation 
 fuel, and heating, which shall include an analysis of 
 regional price impacts.
            (C) Critical minerals.
            (D) Vehicles and related parts.
        (E) Shelter, including housing construction costs.
        (F) Medical goods, including pharmaceuticals and 
 other products affecting the cost of health care.
        (G) Apparel and footwear.
        (H) Consumer electronics.
            (I) Farming inputs.
        (J) Defense manufacturing, including aerospace 
 products.

    (2) A qualitative, and to the extent possible, quantitative 
 assessment of the consequences on businesses in the United 
 States of the persistent threat of duties and associated 
 uncertainty with respect to the trade relationship between the 
 United States, Mexico, and Canada that is created by arbitrary 
 delays, pauses, and ad hoc sectoral announcements, which shall 
 include impacts on the following:
        (A) Business investment, including research and 
 development, capital deployment, expansion, and other 
 matters.
        (B) Job creation and employment.
            (C) Contract cancellations.
            (D) Small businesses.
        (E) Producer prices.
            (c) Timing.--

    (1) In general.--Not later than one year after the date of 
 the enactment of this Act, the United States International 
 Trade Commission shall submit to Congress the report required 
 under subsection

    (a) .

    (2) Confidentiality.--The United States International Trade 
 Commission shall remove any confidential business information 
 from the findings and report submitted under paragraph

    (1) .
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