This legislative proposal aims to protect and restore domestic markets by imposing new trade restrictions on a range of imported agricultural and seafood commodities. It introduces a comprehensive system of tariff-rate quotas and increased duties on specific products, affecting imports from numerous countries. The bill is divided into two main titles, addressing different categories of goods and their respective import regulations. Title I of the bill focuses on establishing tariff-rate quotas for several seafood products and honey. For shrimp, specific aggregate quantities are set for imports from countries like Argentina, Ecuador, India, Indonesia, Mexico, China, Thailand, and Vietnam, with varying sub-categories such as farmed warmwater or breaded shrimp. Imports exceeding these country-specific or general limits will face a 40 percent ad valorem duty in addition to other applicable duties. Honey imports are also subject to quarterly aggregate quotas, further broken down into country-specific allocations and subcategories like certified organic or light amber honey. Exporters must obtain licenses, and above-quota honey faces a duty rate calculated as the difference between its commercial landed value and the average U.S. production cost. The bill also imposes tariff-rate quotas on crawfish products, setting annual limits for imports from Egypt, Japan, China, Spain, and Vietnam, with significantly higher in-quota and above-quota duty rates. Rice imports will be subject to an aggregate annual limitation starting in 2028, capped at 10 percent of the previous year's U.S. consumption, with country-specific allocations for India, Pakistan, Thailand, and Vietnam. A transition rule applies for 2027, and above-quota rice faces a 65 percent ad valorem duty, with an additional safeguard duty of 130 percent ad valorem if imports exceed 120 percent of a country's quota. Finally, siluriformes fish fillets from China and Vietnam are assigned annual import quotas, with above-quota imports incurring a substantial 200 percent ad valorem duty. Title II introduces duty increases and tariff-rate quotas for certain meat and live animal products. The bill significantly increases the column 1 duty rates for various subheadings of sheep and goat meat, and then establishes declining annual tariff-rate quotas for these products from 2027 to 2036. Imports exceeding these quotas will be subject to a much higher duty rate of $11.02 per kilogram. For live bovine animals, the bill raises duties to 25 percent and sets an annual tariff-rate quota of 1,500,000 head, with a 50 percent ad valorem duty for quantities exceeding this limit. Beef imports also see increased column 1 duty rates to $1.68 per kilogram. Furthermore, country-specific tariff-rate quotas are established for beef from Argentina, Australia, Canada, Mexico, New Zealand, and Uruguay, with above-quota imports facing a $6.55 per kilogram duty. Imports from other countries are strictly limited to their aggregate quota, with no allowance for exceeding it. Finally, the bill mandates that the President adjust the dollar-denominated duty rates for sheep/goat meat, live bovine animals, and beef annually, starting October 1, 2027, to reflect changes in the Consumer Price Index . These adjusted rates will be rounded to the nearest cent and published on a publicly accessible website by U.S. Customs and Border Protection. All imports, regardless of whether they exceed quotas, remain subject to other applicable duties, including antidumping and countervailing duties.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Foreign Trade and International Finance
Home Market Restoration Act of 2026
USA119th CongressS-4945| Senate
| Updated: 7/13/2026
This legislative proposal aims to protect and restore domestic markets by imposing new trade restrictions on a range of imported agricultural and seafood commodities. It introduces a comprehensive system of tariff-rate quotas and increased duties on specific products, affecting imports from numerous countries. The bill is divided into two main titles, addressing different categories of goods and their respective import regulations. Title I of the bill focuses on establishing tariff-rate quotas for several seafood products and honey. For shrimp, specific aggregate quantities are set for imports from countries like Argentina, Ecuador, India, Indonesia, Mexico, China, Thailand, and Vietnam, with varying sub-categories such as farmed warmwater or breaded shrimp. Imports exceeding these country-specific or general limits will face a 40 percent ad valorem duty in addition to other applicable duties. Honey imports are also subject to quarterly aggregate quotas, further broken down into country-specific allocations and subcategories like certified organic or light amber honey. Exporters must obtain licenses, and above-quota honey faces a duty rate calculated as the difference between its commercial landed value and the average U.S. production cost. The bill also imposes tariff-rate quotas on crawfish products, setting annual limits for imports from Egypt, Japan, China, Spain, and Vietnam, with significantly higher in-quota and above-quota duty rates. Rice imports will be subject to an aggregate annual limitation starting in 2028, capped at 10 percent of the previous year's U.S. consumption, with country-specific allocations for India, Pakistan, Thailand, and Vietnam. A transition rule applies for 2027, and above-quota rice faces a 65 percent ad valorem duty, with an additional safeguard duty of 130 percent ad valorem if imports exceed 120 percent of a country's quota. Finally, siluriformes fish fillets from China and Vietnam are assigned annual import quotas, with above-quota imports incurring a substantial 200 percent ad valorem duty. Title II introduces duty increases and tariff-rate quotas for certain meat and live animal products. The bill significantly increases the column 1 duty rates for various subheadings of sheep and goat meat, and then establishes declining annual tariff-rate quotas for these products from 2027 to 2036. Imports exceeding these quotas will be subject to a much higher duty rate of $11.02 per kilogram. For live bovine animals, the bill raises duties to 25 percent and sets an annual tariff-rate quota of 1,500,000 head, with a 50 percent ad valorem duty for quantities exceeding this limit. Beef imports also see increased column 1 duty rates to $1.68 per kilogram. Furthermore, country-specific tariff-rate quotas are established for beef from Argentina, Australia, Canada, Mexico, New Zealand, and Uruguay, with above-quota imports facing a $6.55 per kilogram duty. Imports from other countries are strictly limited to their aggregate quota, with no allowance for exceeding it. Finally, the bill mandates that the President adjust the dollar-denominated duty rates for sheep/goat meat, live bovine animals, and beef annually, starting October 1, 2027, to reflect changes in the Consumer Price Index . These adjusted rates will be rounded to the nearest cent and published on a publicly accessible website by U.S. Customs and Border Protection. All imports, regardless of whether they exceed quotas, remain subject to other applicable duties, including antidumping and countervailing duties.