HR. 505In Committee
To impose additional duties on imports of goods into the United States.
Plain-English overview
What this bill does
Impose a baseline 10% tariff on all imports and adjust that rate based on the prior year's overall U.S. goods and services trade balance
Key points
- Require a 10 percent import duty
- Increase tariffs for trade deficits
- Reduce tariffs for trade surpluses
Current status
Where it stands
Status
In Committee
Latest action
2025-01-16 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.