REPORT Act

HR 3292, the REPORT Act, requires the President to provide advance notice and justification before changing import duties. Specifically, the President must publish a detailed justification in the Federal Register at least 48 hours before any duty increase or decrease takes effect. Additionally, the U.S. Trade Representative must brief relevant congressional committees (Ways and Means and Finance) within 7 days of such a duty change. This bill directly affects the executive branch's process for modifying import duties, aiming to increase transparency for Congress and the public.