S. 1741 – Truth in Tariffs Act

AI-Generated Summary

Updated November 24, 2025 at 12:38 AM UTC

The Truth in Tariffs Act aims to make the cost impact of recent tariffs visible to U.S. consumers. It requires retailers to clearly display the portion of a product’s price that is due to a tariff surcharge, except for small‑business sellers. The FTC is tasked with enforcing the rule and can apply its standard penalties for unfair or deceptive practices.

Key Provisions

Sellers must show consumers, in a clear and noticeable way, the part of a product’s price that comes from a “tariff surcharge” for any covered tariff.
The rule does not apply to sales made by small businesses as defined in the Small Business Act.
The Federal Trade Commission (FTC) will enforce the requirement, treating violations as unfair or deceptive practices and applying the FTC’s usual penalties and powers.
A “covered tariff” is any tariff or tariff rate change imposed by the President on an emergency or discretionary basis that took effect on or after January 20, 2025.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S2897)

Commerce, Science, and Transportation Committee

May 13, 2025

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SenateIntro Referral

Introduced in Senate

May 13, 2025

SenateIntro Referral

Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S2897)

Commerce, Science, and Transportation Committee

May 13, 2025

Floor Debate

2 members

What members said about S. 1741 on the floor

2 Democrats

Sen. Charles E. SchumerD-NY · May 13, 2025

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Sen. Richard J. DurbinD-IL · May 13, 2025

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Sen. Charles E. SchumerD-NY · May 13, 2025

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

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Introduced in SenateIssued May 13, 2025

II

119th CONGRESS

1st Session

S. 1741

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.

1.

Short title

This Act may be cited as the Truth in Tariffs Act.

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.