H.R. 4962 — Introduced in House

I 119th CONGRESS 1st Session H. R. 4962 IN THE HOUSE OF REPRESENTATIVES August 12, 2025 Ms. Scholten (for herself, Mr. Landsman, and Mr. Tran) introduced the following bill; which was referred to the Committee on Ways and Means A BILL 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. 1. Short title This Act may be cited as the Toll of Tariffs Act of 2025. 2. United states international trade commission study and report on inflationary effects of tariffs (a) Study The United States International Trade Commission (in this Act referred to as the “Commission”) shall carry out a study on the inflationary impact of the tariffs imposed by Executive orders issued during the period beginning on or after January 20, 2025, and ending on the date of enactment of this Act. (b) Report Not later than 60 days after the date of enactment of this Act, the Commission shall submit to Congress a report containing— (1) the results of the study under subsection (a); and (2) impacts to the Consumer Price Index for All Urban Consumers (CPI–U) and in comparable measures tracking price changes in non-urban areas, as determined by the Bureau of Labor Statistics, of the tariffs described in subsection (a).