S.1741

Truth in Tariffs Act requires disclosure of tariff surcharges on goods sold to U.S. consumers.

The Truth in Tariffs Act mandates that sellers display the portion of a good's price attributable to a covered tariff, identified as the "tariff surcharge," in a clear and conspicuous manner to U.S. consumers. This requirement takes effect 30 days after the act's enactment. The act exempts small businesses from this requirement. The Federal Trade Commission enforces this act with the same powers and duties as those provided under the Federal Trade Commission Act. Violations are treated as unfair or deceptive acts or practices under the Federal Trade Commission Act.