H.R. 4326: To require the Congressional Budget Office to conduct an economic review of the economic impact of tariff modifications before implementation.

Introduced Jul 10, 20253 cosponsors

Sponsor

Josh Gottheimer

Josh Gottheimer

Democrat · NJ-5

Bill Progress

IntroducedJul 10
Committee 
Pass House 
Pass Senate 
Signed 
Law 

Latest Action · Jul 10, 2025

1/2

Referred to the House Committee on Ways and Means.

No tariff takes effect until you see what it costs

4 min readLast updated June 9, 2026

Why it matters

Every tariff change — a hike, a cut, or anything in between — would be frozen until the Congressional Budget Office publishes a public estimate of its economic impact. Tariffs would no longer take effect first and get analyzed later; the cost would have to be on the table before the rate changes.

H.R. 4326 sets one rule: starting the day it becomes law, no change to any tariff or import duty can take effect until the Congressional Budget Office posts an economic review on a public website.

That applies to any tariff change, in either direction. A hike, a cut, a tweak — all of it waits for CBO to publish its analysis first. The review has to live on a publicly available CBO website, so lawmakers, businesses, and the public can all read it instead of relying on after-the-fact summaries.

H.R. 4326 Bill Summary

What H.R. 4326 actually does.

1

Every tariff change waits for a public cost estimate

No modification to any tariff or duty on an imported article can take effect until the Congressional Budget Office publishes an economic review of its expected economic impact.

2

The freeze covers cuts, not just hikes

The rule applies to any modification to a tariff or duty, so a rate reduction has to clear the same CBO review as a rate increase before it can take effect.

3

The rate the day before becomes the yardstick

A change is measured against the tariff or duty rate as of the day before the bill becomes law, fixing a reference point for what counts as a modification.

4

The review has to be posted where anyone can read it

The Congressional Budget Office must publish the economic review on a publicly available website of the Office, not just hand it privately to lawmakers or agencies.

5

No product or country is carved out

The rule reaches any tariff or other duty imposed on the importation of an article, so it isn't limited to a specific country, industry, product class, or tariff program.

6

The penalty is the freeze itself

The bill names no civil or criminal penalty. The CBO publication is a mandatory prerequisite, so without it a tariff modification cannot legally take effect.

Who benefits from H.R. 4326?

Importers and retailers

Companies that buy goods from abroad would get a public CBO economic review before any tariff or duty change takes effect, giving them more warning and a clearer read on likely cost impacts.

Shoppers

Because a CBO economic review would have to come out before any tariff change takes effect, consumers could see an official estimate of how a change might hit prices before it shows up at the register.

Lawmakers and congressional staff

Congress would get a required, public analysis from its own scorekeeper before tariff changes take effect, with each one measured against the rate in place the day before enactment.

Economists, researchers, and watchdog groups

The review has to be posted on a public CBO website, giving outside analysts direct access to the agency's work instead of unofficial summaries or delayed disclosures.

Who is affected by H.R. 4326?

Congressional Budget Office

CBO is the agency the bill names, and it would take on a new duty to publish an economic review before any tariff or import duty change can take effect — with no funding or deadline attached.

The President and trade policymakers

Officials seeking to change tariffs would face a new procedural limit: starting at enactment, no change can take effect until CBO publishes the required review.

Manufacturers using imported inputs

Factories that rely on imported parts or materials could see tariff changes delayed until CBO posts its review, affecting how they plan around costs and supply chains.

Foreign exporters and trade partners

Businesses and governments abroad would be affected because any U.S. change to a tariff or duty on imported articles would be held up until CBO completes and publishes its review.

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Tracking floor activity — no debate on H.R. 4326 yet. Updates when a legislator speaks on the record.

HR4326 Legislative Journey

1 actions

House: Committee Action

Jul 10, 2025

Referred to the House Committee on Ways and Means.

About the Sponsor

Josh Gottheimer

Josh Gottheimer

Democrat, New Jersey's 5th congressional district · 9 years in Congress

Committees: House Permanent Select Committee on Intelligence, Financial Services

View full profile →

Cosponsors (3)

No new cosponsors in 341 days — momentum stalled

All 3 cosponsors are Democrats. Cosponsors represent 3 states: Indiana, Louisiana, Nevada.

3Democrats·3 states

Committee Sponsors

Ways and Means Committee

19D26R
|0 signed45 not yet

0 of 45 committee members cosponsored

No committee members have cosponsored this bill

19 Democrats across this committee haven't cosponsored yet. Mobilize their constituents

H.R. 4326 Quick Facts

Cosponsors
3
Cleo Fields
André Carson
Dina Titus
Committee
Ways and Means
Chamber
House
Policy
Foreign Trade and International Finance
Introduced
Jul 10, 2025

Referred to the House Committee on Ways and Means.

Jul 10, 2025

Constituent Resources

Get notified when this bill moves

Official Sources

H.R. 4326 on Congress.gov

Official Congress.gov page for the bill, including text, actions, sponsors, and status updates.

Congressional Budget Office

CBO is the agency the bill requires to publish an economic review before a tariff change can take effect.

CBO Cost Estimates

CBO's official page for public budget and legislative analyses, relevant because the bill assigns CBO a new publication duty.

Congressional Budget Office Publications

CBO's publications page is where the economic review the bill mandates would be posted on a publicly available CBO website.

U.S. International Trade Commission Harmonized Tariff Schedule

Official tariff schedule showing duty rates on imported articles, the baseline against which the bill measures any tariff modification.

U.S. Customs and Border Protection Trade

CBP collects import duties at the border, so its trade portal shows how a tariff change frozen by the bill would otherwise be implemented in practice.

Office of the United States Trade Representative

USTR leads U.S. tariff and trade policy in the executive branch, the policymaking the bill's CBO-review requirement would constrain.

H.R. 4326 Common Questions

Can a tariff increase take effect before CBO reviews it?

No. H.R. 4326 says no tariff or import duty change can take effect until the Congressional Budget Office publishes an economic review of its expected impact on a public website.

Does H.R. 4326 cover tariff cuts too, or just hikes?

Both. The bill applies to any modification to a tariff or duty, so a rate cut has to wait for the same published CBO economic review as a rate increase before it takes effect.

What baseline are tariff changes measured against under H.R. 4326?

The rate from the day before the bill becomes law. The bill measures any change against the tariff or duty rate as of the day before enactment, fixing a reference point for what counts as a modification.

Does the bill apply to all imports or only certain products?

All of them. H.R. 4326 reaches any tariff or other duty imposed on the importation of an article, so it isn't limited to a particular country, industry, or product class.

Where would CBO post the tariff economic review?

On a public website. H.R. 4326 requires the Congressional Budget Office to publish the review on a publicly available website of the Office, so anyone can read it — not just lawmakers or agencies.

When would the CBO tariff review requirement start?

Right away. The bill says the rule applies on and after the date of enactment, so the review requirement kicks in the moment H.R. 4326 becomes law.

Could the President change import duties without a CBO posting?

Not under this bill. H.R. 4326 would block any authorized tariff or duty change from taking effect until CBO posts its economic review publicly, regardless of who orders the change.

Is there a fine for changing tariffs without a CBO review?

No monetary penalty is written in. The enforcement is structural: under H.R. 4326, a tariff change simply can't legally take effect until CBO publishes the review.

Based on H.R. 4326 bill text

H.R. 4326 Bill Text

PDF

To require the Congressional Budget Office to conduct an economic review of the economic impact of tariff modifications before implementation.

Source: U.S. Government Publishing Office

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