Proposed
Bill · 119th Congress · S 4945
Home Market Restoration Act of 2026
Refreshed 3 h ago
Introduced 2026-07-13Topic: agriculture food · economy jobs · taxesSummary
AI-generated summary, report an errorThis bill would set yearly or quarterly limits, called tariff-rate quotas, on how much shrimp, honey, crawfish, rice, catfish-type fish fillets, sheep and goat meat, live cattle, and beef can enter the United States at normal tariff rates. Imports above those limits would face higher tariffs, such as an extra 40 percent on shrimp and 65 percent on rice. The bill would also raise the base tariffs on sheep and goat meat, live cattle, and beef. Honey exporters would need a license from their own country's customs authority. Dollar-based tariff rates on meat would be adjusted for inflation each year starting October 1, 2027.
Sponsors
- Bill Cassidy Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-07-13 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2026-07-13 | Introduced in Senate | introduce |