We have received text from H.R. 4962: Toll of Tariffs Act of 2025. This bill was received on 2025-08-12, and currently has 2 cosponsors.
Here is a short summary of the bill:
The Toll of Tariffs Act of 2025 is a proposed piece of legislation that mandates the United States International Trade Commission (USITC) to conduct a study examining the impact of tariffs that were imposed through Executive orders starting from January 20, 2025, until the enactment of the Act. The primary focus of this study is to assess how these tariffs have contributed to inflation in the United States, specifically looking at their effects on consumer prices.
Key Components of the Bill
- Study Assignment: The USITC is required to carry out detailed research on the inflationary effects of the specified tariffs.
- Deadline for Report: The Commission must submit its findings to Congress within 60 days after the bill becomes law.
- Consumer Price Index Analysis: The report will include an analysis of the effects of these tariffs on the Consumer Price Index for All Urban Consumers (CPI-U) as well as other metrics that track price changes in non-urban areas, as provided by the Bureau of Labor Statistics.
Objective of the Bill
The main objective of this legislation is to provide Congress with transparent and detailed information regarding the relationship between the newly imposed tariffs and inflation. By analyzing the data, the bill aims to inform future policy decisions regarding trade and economic measures.
Overall Impact
This bill seeks to ensure that the economic ramifications of tariffs are understood and documented, particularly in regards to how they affect everyday consumers and overall price levels in the economy. The findings from the study may guide future legislative or executive actions related to tariffs and trade policies.
Relevant Companies
- None found
Representative Hillary J. Scholten Bill Proposals
Here are some bills which have recently been proposed by Representative Hillary J. Scholten:
- H.R.4962: Toll of Tariffs Act of 2025
- H.R.4961: Public Utility Remediation and Enhancement for Water Act
- H.R.4938: Facts First Act
- H.R.3933: Paving the Way for American Industry Act
- H.R.3932: Rural Upgrades for Road Access and Local Growth Act of 2025
- H.R.3931: Kids on the Go Act of 2025
You can track bills proposed by Representative Hillary J. Scholten on Quiver Quantitative's politician page for Scholten.
Representative Hillary J. Scholten Net Worth
Quiver Quantitative estimates that Representative Hillary J. Scholten is worth $588.4K, as of August 16th, 2025. This is the 375th highest net worth in Congress, per our live estimates.
Scholten has approximately $202.4K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Hillary J. Scholten's net worth on Quiver Quantitative's politician page for Scholten.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
