House-proposed 'Tariff Impact Act' calling for CBO reviews of new duties

House-proposed 'Tariff Impact Act' calling for CBO reviews of new duties

Friday, July 11, 2025 Bill text Sponsor's statement Weight: -20

Gottheimer introduces bill requiring economic review of future tariffs - WRNJ Radio

WASHINGTON, D.C. — U.S. Rep. Josh Gottheimer of New Jersey introduced legislation Friday that would require the Congressional Budget Office (CBO) to analyze the economic impact of any new tariffs before they are enacted. The proposal, titled the Tariff Impact Act, aims to provide greater transparency by mandating that the nonpartisan CBO assess how future tariffs could affect prices, small businesses, and overall economic conditions. “Families a…