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Toll of Tariffs Act of 2025

8/16/2025, 8:05 AM

Summary of Bill HR 4962

This bill, designated as H.R. 4962 in the 119th Congress, aims to instruct the United States International Trade Commission to conduct a study on the inflationary effects resulting from the tariffs implemented through specific executive orders. The bill directs the Commission to present its findings from this study to Congress.

Current Status of Bill HR 4962

Bill HR 4962 is currently in the status of Bill Introduced since August 12, 2025. Bill HR 4962 was introduced during Congress 119 and was introduced to the House on August 12, 2025.  Bill HR 4962's most recent activity was Referred to the House Committee on Ways and Means. as of August 12, 2025

Bipartisan Support of Bill HR 4962

Total Number of Sponsors
3
Democrat Sponsors
3
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4962

Primary Policy Focus

Alternate Title(s) of Bill HR 4962

To direct the United States International Trade Commission to carry out a study on the inflationary impact of the tariffs imposed by certain executive orders and to report to Congress the findings of such study.
To direct the United States International Trade Commission to carry out a study on the inflationary impact of the tariffs imposed by certain executive orders and to report to Congress the findings of such study.

Comments

Nehemiah Dean profile image

Nehemiah Dean

455

3 months ago

I dunno much about this bill, but it sounds like it could be a good thing. I hope it helps with the inflation and stuff. Long term, it might make things better for everyone.

Holly Burgess profile image

Holly Burgess

462

3 months ago

I don't understand why this bill is happening. It seems like it will make things more expensive for everyone. How will this affect me in the short term?