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

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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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