S 4945 — 119th Congress

Home Market Restoration Act of 2026

Introduced Jul 13, 2026 Open for voting
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Regulatory or Legal Changes Top 3

Quarterly honey import quotas, above-quota duty, and export license

Sets quarterly country-level caps on honey imports based on historical trade shares, requires foreign exporters to hold a license to ship honey to the U.S., and charges an above-quota duty equal to the gap between landed value and U.S. production cost. Sets annual country-by-country caps on shrimp imports at normal tariff rates and imposes an extra 40% tax on any shrimp that enters above those limits, raising the cost of imported shrimp beyond quota. Limits rice imports at normal tariff rates to 10% of prior-year U.S. consumption starting in 2028, sets country-by-country sub-limits, and imposes a 65% duty on above-quota rice — rising to 130% for countries that exceed their limit by 20% or more. Sets annual import caps on frozen catfish-order (siluriformes) fish fillets by country, charges a 50% duty within those limits, and imposes a 200% duty on any fillets that exceed the caps, sharply restricting the volume of low-cost imported catfish. Raises the import tax on sheep and goat meat to $2.76 per kilogram and sets annually shrinking quotas from 2027 to 2036 at that rate, with a sharply higher charge of $11.02 per kilogram on imports above the annual limit. Raises import taxes on live cattle to 25% and sets a 1.5-million-head annual quota at that rate, imposes a $1.68-per-kilogram duty on beef, and sets country-specific beef import caps with a $6.55/kg above-quota charge for named countries. Sets annual import quantity limits for crawfish products from named countries and imposes very high duty rates — over 300% for some countries within quota and over 400% above quota — effectively creating a steep cost barrier on foreign crawfish.

  • Population Scope Medium Directly affects U.S. importers and domestic producers across seven agricultural and seafood sectors, a commercially significant but narrow share of the broader U.S. economy and population.
  • Budgetary Magnitude High Generates recurring tariff revenue across seven commodity categories with above-quota rates ranging from 40% to over 400% ad valorem or high per-kilogram charges, representing a large and ongoing federal revenue stream.
  • Legal / Regulatory Depth High Creates multiple new statutory prohibitions, binding quota limits, and enforceable duty obligations across seven commodity markets — a substantive restructuring of the legal framework governing agricultural and seafood imports.
  • Degree of Discretion Granted Medium The Secretary of Agriculture (USDA) holds discretion to calculate U.S. honey production costs and reallocate unused rice quotas, but most quota levels and duty rates are fixed by statute.
  • Implementation & Enforcement Burden High Requires U.S. Customs and Border Protection (CBP) to administer country-specific quota tracking, export license verification, and multi-tier duty application across seven commodity categories on a continuous basis.
  • Temporal Commitment High Persists indefinitely until Congress acts to repeal it, except for the sheep/goat quota schedule which runs through 2036 but leaves the underlying elevated duty rates in place permanently.
No signal yet

Carve-outs, Exemptions, Eligibility Top 3

USMCA rice exemption from all quotas and duties

Fully exempts rice from Canada and Mexico that qualifies under the U.S.-Mexico-Canada Agreement (USMCA) from all import quotas and new duties created in the rice section of this bill.

  • Population Scope Low Directly affects only U.S. importers of Canadian and Mexican USMCA-qualifying rice, a narrow subset of a single commodity's import trade.
  • Budgetary Magnitude Low Reduces potential tariff collections on USMCA-qualifying rice from two countries but creates no independent revenue stream or appropriation; the fiscal effect is a limited carve-out from a broader duty regime.
  • Legal / Regulatory Depth Medium Creates a new statutory exemption that constrains CBP's application of the rice TRQ duties, binding agency conduct for a defined class of goods rather than changing the substantive duty law for the broader market.
  • Degree of Discretion Granted Low No new agency discretion is created; eligibility turns entirely on existing USMCA originating-good determinations, leaving no room for administrative judgment.
  • Implementation & Enforcement Burden Low Relies on pre-existing USMCA originating-good certification infrastructure, adding no new compliance mechanism or enforcement obligation beyond what CBP already administers.
  • Temporal Commitment High Persists indefinitely alongside the rice TRQ regime it modifies, with no sunset or mandatory reauthorization requiring Congress to revisit it.
No signal yet

Regulatory or Legal Changes Top 3

Annual CPI inflation adjustment of dollar-denominated duty rates

Requires automatic yearly increases to all dollar-based import duty rates in this bill starting in fiscal year 2027, tied to the Consumer Price Index for All Urban Consumers, with updated rates published publicly by customs authorities each year.

  • Population Scope Low Directly affects only importers subject to the dollar-denominated duty rates in this bill — a narrow commercial population already covered by the underlying commodity provisions.
  • Budgetary Magnitude Low Does not independently authorize or appropriate funds; it adjusts existing duty rates upward with inflation, producing incremental revenue increases rather than a distinct or quantifiable new appropriation.
  • Legal / Regulatory Depth Medium Imposes a new procedural mandate on the President and CBP to calculate and publish annual CPI-adjusted rates, binding agency conduct without altering the substantive duty obligations themselves.
  • Degree of Discretion Granted Low The adjustment formula is fully mechanical — CPI percentage change applied to the prior year's rate, rounded to the nearest cent — leaving no agency discretion in calculating or applying the adjustment.
  • Implementation & Enforcement Burden Low Adds a recurring administrative task for CBP to publish updated rates annually, but requires no new enforcement infrastructure or compliance obligations beyond that publication duty.
  • Temporal Commitment High Recurs automatically every fiscal year beginning October 1, 2027, with no expiry or reauthorization requirement, persisting indefinitely until Congress acts to repeal it.
No signal yet

No possible riders have been surfaced for this bill.

Summary

The Home Market Restoration Act of 2026 sets new limits and higher taxes on imported agricultural and seafood products to protect U.S. producers. It covers shrimp, honey, crawfish, rice, catfish, sheep and goat meat, and beef and live cattle. Among other elements, the bill * limits how much shrimp from eight named countries can enter the U.S. at normal tax rates, with a 40% extra charge on imports above those limits; * creates quarterly caps on honey imports by country and type, with an above-limit charge tied to U.S. production costs; * sets country-by-country limits on crawfish, rice, and catfish imports, with sharply higher duty rates above those limits; * raises import taxes on sheep, goat meat, and beef to new flat per-kilogram rates, with declining annual quotas through 2036; * and requires annual inflation adjustments to all dollar-based duty rates, with public posting of updated rates by U.S. Customs and Border Protection (CBP).

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Version Event Date User support Your vote Roll calls
Original
Initial publication
Jul 13, 2026
Jul 13, 2026 No votes yet

Regulatory or Legal Changes Top 3

Quarterly honey import quotas, above-quota duty, and export license

Sets quarterly country-level caps on honey imports based on historical trade shares, requires foreign exporters to hold a license to ship honey to the U.S., and charges an above-quota duty equal to the gap between landed value and U.S. production cost. Sets annual country-by-country caps on shrimp imports at normal tariff rates and imposes an extra 40% tax on any shrimp that enters above those limits, raising the cost of imported shrimp beyond quota. Limits rice imports at normal tariff rates to 10% of prior-year U.S. consumption starting in 2028, sets country-by-country sub-limits, and imposes a 65% duty on above-quota rice — rising to 130% for countries that exceed their limit by 20% or more. Sets annual import caps on frozen catfish-order (siluriformes) fish fillets by country, charges a 50% duty within those limits, and imposes a 200% duty on any fillets that exceed the caps, sharply restricting the volume of low-cost imported catfish. Raises the import tax on sheep and goat meat to $2.76 per kilogram and sets annually shrinking quotas from 2027 to 2036 at that rate, with a sharply higher charge of $11.02 per kilogram on imports above the annual limit. Raises import taxes on live cattle to 25% and sets a 1.5-million-head annual quota at that rate, imposes a $1.68-per-kilogram duty on beef, and sets country-specific beef import caps with a $6.55/kg above-quota charge for named countries. Sets annual import quantity limits for crawfish products from named countries and imposes very high duty rates — over 300% for some countries within quota and over 400% above quota — effectively creating a steep cost barrier on foreign crawfish.

  • Population Scope Medium Directly affects U.S. importers and domestic producers across seven agricultural and seafood sectors, a commercially significant but narrow share of the broader U.S. economy and population.
  • Budgetary Magnitude High Generates recurring tariff revenue across seven commodity categories with above-quota rates ranging from 40% to over 400% ad valorem or high per-kilogram charges, representing a large and ongoing federal revenue stream.
  • Legal / Regulatory Depth High Creates multiple new statutory prohibitions, binding quota limits, and enforceable duty obligations across seven commodity markets — a substantive restructuring of the legal framework governing agricultural and seafood imports.
  • Degree of Discretion Granted Medium The Secretary of Agriculture (USDA) holds discretion to calculate U.S. honey production costs and reallocate unused rice quotas, but most quota levels and duty rates are fixed by statute.
  • Implementation & Enforcement Burden High Requires U.S. Customs and Border Protection (CBP) to administer country-specific quota tracking, export license verification, and multi-tier duty application across seven commodity categories on a continuous basis.
  • Temporal Commitment High Persists indefinitely until Congress acts to repeal it, except for the sheep/goat quota schedule which runs through 2036 but leaves the underlying elevated duty rates in place permanently.
No signal yet

Regulatory or Legal Changes

Quarterly honey import quotas, above-quota duty, and export license

Carve-outs, Exemptions, Eligibility Top 3

USMCA rice exemption from all quotas and duties

Fully exempts rice from Canada and Mexico that qualifies under the U.S.-Mexico-Canada Agreement (USMCA) from all import quotas and new duties created in the rice section of this bill.

  • Population Scope Low Directly affects only U.S. importers of Canadian and Mexican USMCA-qualifying rice, a narrow subset of a single commodity's import trade.
  • Budgetary Magnitude Low Reduces potential tariff collections on USMCA-qualifying rice from two countries but creates no independent revenue stream or appropriation; the fiscal effect is a limited carve-out from a broader duty regime.
  • Legal / Regulatory Depth Medium Creates a new statutory exemption that constrains CBP's application of the rice TRQ duties, binding agency conduct for a defined class of goods rather than changing the substantive duty law for the broader market.
  • Degree of Discretion Granted Low No new agency discretion is created; eligibility turns entirely on existing USMCA originating-good determinations, leaving no room for administrative judgment.
  • Implementation & Enforcement Burden Low Relies on pre-existing USMCA originating-good certification infrastructure, adding no new compliance mechanism or enforcement obligation beyond what CBP already administers.
  • Temporal Commitment High Persists indefinitely alongside the rice TRQ regime it modifies, with no sunset or mandatory reauthorization requiring Congress to revisit it.
No signal yet

Carve-outs, Exemptions, Eligibility

USMCA rice exemption from all quotas and duties

Regulatory or Legal Changes Top 3

Annual CPI inflation adjustment of dollar-denominated duty rates

Requires automatic yearly increases to all dollar-based import duty rates in this bill starting in fiscal year 2027, tied to the Consumer Price Index for All Urban Consumers, with updated rates published publicly by customs authorities each year.

  • Population Scope Low Directly affects only importers subject to the dollar-denominated duty rates in this bill — a narrow commercial population already covered by the underlying commodity provisions.
  • Budgetary Magnitude Low Does not independently authorize or appropriate funds; it adjusts existing duty rates upward with inflation, producing incremental revenue increases rather than a distinct or quantifiable new appropriation.
  • Legal / Regulatory Depth Medium Imposes a new procedural mandate on the President and CBP to calculate and publish annual CPI-adjusted rates, binding agency conduct without altering the substantive duty obligations themselves.
  • Degree of Discretion Granted Low The adjustment formula is fully mechanical — CPI percentage change applied to the prior year's rate, rounded to the nearest cent — leaving no agency discretion in calculating or applying the adjustment.
  • Implementation & Enforcement Burden Low Adds a recurring administrative task for CBP to publish updated rates annually, but requires no new enforcement infrastructure or compliance obligations beyond that publication duty.
  • Temporal Commitment High Recurs automatically every fiscal year beginning October 1, 2027, with no expiry or reauthorization requirement, persisting indefinitely until Congress acts to repeal it.
No signal yet

Regulatory or Legal Changes

Annual CPI inflation adjustment of dollar-denominated duty rates