U.S. Consumer Price Index (CPI)

Stop Raising Prices on Food Act This bill requires the President to receive congressional approval in order to proclaim or increase the rates of duty (i.e., tariffs) on articles imported into the United States from covered countries. Under the bill, a covered country is one of the five countries with the highest volume of U.S. agricultural goods imported into the country in the preceding fiscal year, as determined by the President. The bill treats the European Union and its member countries as a single country. Specifically, the President may proclaim a new or additional covered duty (e.g., a duty proclaimed pursuant to Section 232 of the Trade Expansion Act of 1962) on an article imported into the United States from a covered country only if (1) the President submits to Congress a request for authorization to proclaim or increase the duty and the request contains specified information, such as a description of the objective the President seeks to achieve with the action and an assessment of the likely impact on the U.S. agricultural economy; and (2) a joint resolution of approval is enacted into law.

Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

The bill would extend specified benefit cost-shifting provisions under the Food and Nutrition Act through 2032 and 2033, and administrative cost-shifting provisions through fiscal years 2028 and 2029. It would provide one-time payments for 2025 crop-year losses to eligible commodity producers when expected production costs exceed expected gross returns, subject to payment limits of $125,000 or $250,000 based on farming income. It would also provide assistance for sugar beet, specialty-crop, and timber losses; establish Forest Service technology-transfer functions and domestic timber-market assistance; and terminate duties imposed by four specified Executive Orders.

Referred to the Committee on Agriculture, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

The bill would impose additional duties on goods imported into the United States for each calendar year beginning on or after enactment: 10 percent ad valorem on goods from countries with which the United States has a trade surplus and 15 percent on goods from countries with which it has a trade deficit. These duties would be added to other applicable duties. The President could reduce the additional duty to an amount above zero if the reduction is determined to be in the national interest or national security interest, after consulting specified congressional committees.

Referred to the House Committee on Ways and Means.

Preventing Financial Exploitation in Higher Education Act This bill establishes financial penalties for institutions of higher education (IHEs) with endowments of $2.5 billion or more that have specified percentages of current and former students who default, are delinquent, or underpay on their federal student loans. The bill also imposes an increased excise tax on net investment income of certain IHEs that increase tuition beyond certain levels. Specifically, the bill requires such an IHE to pay penalties to the Department of Education based on the IHE's For example, for FY2025, an IHE with a cohort default rate of 11% or more must pay a penalty in an amount equal to 30% of the total outstanding balance of principal and interest due on all federal student loans. The bill also imposes an increased excise tax equal to 25% of the net investment income of an IHE with an endowment of $2.5 billion or more that charges tuition exceeding the inflation adjustment base amount for the taxable year.

Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Educational Toy Tax Relief Act This bill prohibits the imposition of duties (i.e., tariffs) on specified baby toy items (e.g., products for children under the age of three, baby swings, and educational toys for babies and children) pursuant to certain presidential powers. Specifically, the bill prohibits the President from exercising authorities under the International Emergency Economic Powers Act (IEEPA) to impose duties on specified baby toy items entering the United States. (IEEPA provides the President with broad authority to regulate various economic transactions following a declaration of a national emergency.) Further, the President must terminate the duties on these items that were imposed pursuant to IEEPA and are in effect as of the date of the bill's enactment. The bill also prohibits the President from using any other authorities to impose duties on these items that are substantially similar to the duties imposed pursuant to IEEPA.

Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Repealing Outdated and Unilateral Tariff Authorities Act This bill repeals the statute that directs the President to impose new or additional tariffs on articles produced by, or imported on the vessels of, foreign countries that discriminate against U.S. commerce.

Referred to the House Committee on Ways and Means.

Creating Access to Necessary American-Canadian Duty Adjustments Act or the CANADA Act This bill exempts goods imported by or for the use of small business concerns from duties (i.e., tariffs) imposed under Executive Order 14193. This executive order, issued by President Donald J. Trump on February 1, 2025, imposed a 25% tariff on most imports from Canada (except for Canadian energy or energy resources, which have a 10% tariff).

Referred to the House Committee on Ways and Means.

The bill would declare an emergency concerning the high cost of living, generally ending 180 days after enactment unless extended by joint resolution. During the emergency, it would direct the Council of Economic Advisers to establish a White House Cost Cutting Council, appoint special advisers, issue household budget reports, and require household budget impact statements for major regulatory actions. It would also create a Department of Justice–Federal Trade Commission task force addressing price gouging and require use of Defense Production Act authorities to expand the supply of basic household necessities. A congressional Cost-of-Living Commission would develop recommendations, reports, and legislative language, with specified deadlines and bipartisan approval requirements.

Referred to the Committee on Financial Services, and in addition to the Committees on Education and Workforce, Energy and Commerce, the Judiciary, the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.