Congress locks in food tariffs—your grocery bill just got steeper.
S. 4945 — Home Market Restoration Act of 2026 · Filed by Bill Cassidy (R-LA) · Introduced Jul 13, 2026 · Referred to committee
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What it does
This bill imposes tariff-rate quotas (TRQs) on agricultural and seafood imports—shrimp, honey, crawfish, rice, and fish fillets from specific countries—allowing limited quantities to enter at standard tariff rates, with steep penalties (40–402% tariffs) on excess imports. It also raises base tariffs on sheep, goat, and beef meat, and live cattle, with quotas that decline over time. The bill protects domestic producers by making foreign agricultural products more expensive for U.S. importers and consumers.
Why we flagged it
The bill's core mechanism is import restriction through tariff-rate quotas and duty increases on food and livestock. It is functionally a trade-protection measure designed to shield domestic agricultural producers from foreign competition by making imports expensive.
What the text implies
- Tariff-rate quotas with country-specific allocations may trigger retaliatory tariffs from affected exporters (Argentina, Ecuador, India, Vietnam, Thailand, China), escalating trade tensions.
- Declining quotas on sheep/goat meat (2027–2036) signal intent to phase out imports entirely, potentially violating WTO commitments and trade agreements.
The full analysis lists 5 implications of this text.
Who stands to gain
U.S. shrimp producers and aquaculture operations; U.S. honey producers and beekeepers; U.S. crawfish farmers (Louisiana-based industry)