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Standard Summary
Comprehensive overview in 1-2 paragraphs
The REPORT Act would add transparency and congressional oversight to any tariff changes the President makes on an emergency or discretionary basis. Specifically, it requires that, at least 48 hours before any such tariff increase or decrease takes effect, the President publish in the Federal Register both a notice of the modification and a detailed justification for it. Additionally, within 7 days of a tariff modification, the United States Trade Representative (USTR) must brief the House Ways and Means Committee and the Senate Finance Committee on the modification and its justification. The goal is to ensure the public and Congress understand why tariff changes are being made and to give lawmakers an immediate opportunity to review them.
Key Points
- 1Short Title: The bill is called the Reviewing Economic and Protection Objectives for Reciprocal Tariffs Act, or the REPORT Act.
- 2Public notice requirement: For any increase or decrease in a duty under emergency or discretionary authority, the President must publish a detailed justification in the Federal Register at least 48 hours before the change takes effect.
- 3Detailed justification: The published notice must include a thorough explanation for why the tariff modification is being made.
- 4Congressional briefing: Within 7 days of the modification, the USTR must brief the House Ways and Means Committee and the Senate Finance Committee on the change and its justification.
- 5Scope of applicability: Applies to tariff changes made under provisions that authorize modifications on an emergency or discretionary basis to duties on imported articles.
Impact Areas
Primary group/area affected: Importers and domestic producers who are directly impacted by tariff changes, as well as the Executive Branch (President) and the USTR responsible for tariff policy.Secondary group/area affected: Congress (House Ways and Means Committee; Senate Finance Committee) and the public, which gain enhanced transparency and information about tariff actions.Additional impacts: Potentially slower or more scrutinized tariff modifications, since actions must be publicly justified and accompanied by a congressional briefing; could influence how quickly tariff measures are implemented in response to crises or strategic needs; may affect international trade partners monitoring U.S. tariff policy.
Generated by gpt-5-nano on Oct 3, 2025