Large retailers would have to label tariff costs on price tags under new bill
In committeeH.R. 3306Latest action
Sponsor: Jamie Raskin · Representative · MD
AIDecoded by AI · checked against the recordRead the official text
Official title: Truth in Tariffs Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 3306 would require large businesses to show customers a "tariff surcharge" line on prices within 30 days of passage.
50-second read · 5 questions answered below
What does this do?
HR 3306 would require most large businesses to clearly label how much of a product's price comes from certain presidential tariffs imposed on or after January 20, 2025. The added cost must appear as a "tariff surcharge" so shoppers can see it. Businesses would have 30 days after the law passes to comply.
Who does it affect?
Large retailers, manufacturers, and importers who sell goods subject to the covered tariffs would be required to follow the rule. Small businesses are exempt. The Federal Trade Commission (FTC) would enforce the law and may issue additional rules.
Why does it matter?
American consumers would see a new line or label on prices showing how much they are paying because of tariffs. The bill does not change the tariffs themselves — it only requires their cost be made visible to buyers.
What does it cost, and who pays?
- Penalties mirror existing FTC fines
- Small businesses face no penalties
- FTC enforces compliance
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Where does it stand?
- IntroducedMay 8, 2025
- House committeeYou are here · May 8, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Energy and Commerce.