H.R.9977

Homebuilding Materials Tariff Relief Act exempts certain homebuilding products from tariffs imposed after January 20, 2025.

The Homebuilding Materials Tariff Relief Act exempts certain homebuilding products from tariffs imposed after January 20, 2025. A "critical homebuilding product" is exempt from covered tariffs if the Housing Affordability Index reaches a fixed index of 160 or above for the preceding 12 months and a joint resolution of approval is enacted. The President cannot reimpose a covered tariff unless these conditions are met. The bill also outlines procedures for introducing a joint resolution of approval and applies expedited procedures to such resolutions.