H.R. 6888: Trump Tariff Transparency Act
Sponsor
Brittany Pettersen
Democrat · CO-7
Bill Progress
Latest Action · Dec 18, 2025
Referred to the House Committee on Small Business.
Why it matters
With tariffs imposed after January 20, 2025 already affecting prices, this bill would require the federal government to publish regular cost estimates within 90 days of enactment and every quarter after that.
H.R. 6888, the Trump Tariff Transparency Act, is a disclosure bill. It does not create or remove tariffs. Instead, it tells the Small Business Administration to measure the average aggregate cost of tariffs imposed after January 20, 2025 and make that information publicly available.
The timing is specific. The SBA Administrator, working in consultation with the Director of the Bureau of Economic Analysis, would have to issue the first report not later than 90 days after enactment. After that, the reports would come out quarterly, creating a regular public record of how tariff costs are being felt over time.
The bill focuses on two groups: consumers and small business concerns. It uses an existing legal definition for small business concerns by pointing to section 3 of the Small Business Act, 15 U.S.C. 632. That means the bill is not inventing a new category; it is using the standard federal definition already applied in small-business law.
One especially important feature is the year-end requirement. The final quarterly report for each calendar year must include the total annual cost of those tariffs to consumers and small business concerns. In plain English, that means lawmakers, businesses, and the public would get both a running quarterly picture and a full-year total tied specifically to tariffs imposed after January 20, 2025.
What does H.R. 6888 do?
First tariff-cost report due in 90 days
The bill requires the Small Business Administration to submit the initial report not later than 90 days after the date of enactment, giving the public a fast timeline for the first federal estimate of tariff costs.
Quarterly reporting on post-Jan. 20, 2025 tariffs
After the first report, the SBA must publish reports quarterly on the average aggregate cost of tariffs imposed after January 20, 2025, creating an ongoing schedule instead of a one-time study.
Tracks costs for 2 groups: consumers and small businesses
The reports must measure tariff costs affecting consumers and small business concerns, making the analysis specifically about household impacts and business impacts rather than broad national trade statistics alone.
SBA must consult Bureau of Economic Analysis
The Administrator of the Small Business Administration is required to consult with the Director of the Bureau of Economic Analysis, tying the reporting process to a named economic data agency.
Year-end report must include total annual cost
The final quarterly report for each calendar year must include the total annual cost of such tariffs to consumers and small business concerns, adding a full-year number on top of the quarterly updates.
Uses existing legal definition in 15 U.S.C. 632
Instead of creating a new standard, the bill defines small business concerns by referencing section 3 of the Small Business Act, 15 U.S.C. 632, which keeps the reporting tied to an existing federal definition.
Who benefits from H.R. 6888?
Consumers
Consumers would benefit from publicly available reports showing the average aggregate cost of tariffs imposed after January 20, 2025, helping them see how trade policy may be affecting prices.
Small business concerns under 15 U.S.C. 632
Small businesses as defined in section 3 of the Small Business Act, 15 U.S.C. 632, would get regular quarterly data and a total annual cost estimate showing how much covered tariffs are affecting them.
Lawmakers and oversight staff
Congress and staff would gain a recurring set of reports from the SBA, beginning within 90 days of enactment and continuing quarterly, making it easier to monitor tariff effects with scheduled data.
Researchers and the public
Because the bill says the report must be made publicly available, economists, journalists, and voters would have direct access to the federal estimates instead of relying only on private studies.
Who is affected by H.R. 6888?
Small Business Administration
The SBA is the main agency responsible for producing the reports, starting not later than 90 days after enactment and then every quarter afterward.
Bureau of Economic Analysis
The Director of the Bureau of Economic Analysis would be involved through a required consultation role with the SBA Administrator on the tariff-cost reporting.
Consumers facing tariff-related price effects
Consumers are directly covered because the reports must estimate the average aggregate cost of tariffs to them, including annual totals in the final quarterly report each calendar year.
Businesses subject to the federal small-business definition
Companies that qualify as small business concerns under 15 U.S.C. 632 are directly included in the reporting, which must estimate both quarterly impacts and total annual costs from tariffs imposed after January 20, 2025.
H.R. 6888 Common Questions
How soon would the first Trump tariff cost report come out?
Under the Trump Tariff Transparency Act (Section 2), the SBA would have to publish the first tariff-cost report within 90 days after enactment.
Does the Trump Tariff Transparency Act require quarterly tariff cost reports?
Yes. Under the Trump Tariff Transparency Act (Section 2), after the initial report, the SBA must issue tariff-cost reports every quarter.
What tariffs would be covered by the Trump Tariff Transparency Act?
According to H.R. 6888 Section 2, the reports would cover the average aggregate cost of tariffs imposed after January 20, 2025.
Which groups would have tariff costs tracked under H.R. 6888?
Under the Trump Tariff Transparency Act (Section 2), the reports would track tariff costs on consumers and small business concerns.
Can the public see the tariff cost reports under H.R. 6888?
Yes. According to H.R. 6888 Section 2, the SBA's tariff-cost reports must be made publicly available.
Does the SBA have to work with another agency on tariff cost estimates?
Yes. Under the Trump Tariff Transparency Act (Section 2), the SBA Administrator must consult with the Director of the Bureau of Economic Analysis.
What would the year-end tariff report have to include under H.R. 6888?
According to H.R. 6888 Section 2, the final quarterly report each calendar year must include the total annual cost of those tariffs to consumers and small businesses.
Does the Trump Tariff Transparency Act create or remove tariffs?
No. Under the Trump Tariff Transparency Act (Section 2), the bill requires public reporting on tariff costs; it does not itself impose or repeal tariffs.
Can small businesses use H.R. 6888 to find annual tariff cost totals?
Yes. According to H.R. 6888 Section 2, the last quarterly report of each calendar year must state the total annual tariff cost to small business concerns.
Based on H.R. 6888 bill text
HR6888 Legislative Journey
House: Committee Action
Dec 18, 2025
Referred to the House Committee on Small Business.
About the Sponsor
Brittany Pettersen
Democrat, Colorado's 7th congressional district · 3 years in Congress
Committees: Financial Services
View full profile →
Cosponsors (2)
All 2 cosponsors are Democrats. Cosponsors represent 1 state: Michigan.
Committee Sponsors
Small Business Committee
1 of 26 committee members cosponsored
10 Democrats across this committee haven't cosponsored yet. Mobilize their constituents
H.R. 6888 Quick Facts
- Committee
- Small Business
- Chamber
- House
- Policy
- Commerce
- Introduced
- Dec 18, 2025
Referred to the House Committee on Small Business.
Dec 18, 2025
Official Sources
Official legislative page for the Trump Tariff Transparency Act, including text, status, and actions.
The bill assigns the SBA Administrator to produce the required tariff-cost reports.
The bill requires the SBA Administrator to consult with the Director of the Bureau of Economic Analysis.
SBA's official explanation of how small business status is defined, relevant to the bill's reference to small business concerns.
Official U.S. Code page for 15 U.S.C. 632, the statutory definition of small business concern incorporated by the bill.
Official federal trade data resource that may provide context for measuring tariff effects and import activity.
Official Census trade data portal relevant to public analysis of imports, exports, and tariff-related trade flows.
Official U.S. trade policy site with tariff and trade-action information relevant to the tariffs covered by the bill.
H.R. 6888 Bill Text
“To require the Administrator of the Small Business Administration to report on certain costs of tariffs, and for other purposes.”
Source: U.S. Government Publishing Office
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