Toll of Tariffs Act of 2025

HR 4962, the Toll of Tariffs Act of 2025, requires the U.S. International Trade Commission to study how tariffs imposed by executive orders from January 20, 2025, through the bill's enactment date have affected inflation. The Commission must submit a report to Congress within 60 days of the bill's passage, detailing these tariff impacts on the Consumer Price Index for All Urban Consumers (CPI-U) and comparable price measures in non-urban areas. This study is a procedural requirement focused on gathering data, not implementing new policy.