TARIFF TRANSPARENCY ACT Senate SponsorsSen. Steve Stadelman 1/27/2026SenateReferred to Assignments New Act815 ILCS 505/2MMMM newCreates the Tariff Transparency Act. Provides that a retail establishment shall disclose the percentage or dollar amount of the retail price of a retail product that is attributable to tariffs. Sets forth requirements for the disclosure. Requires retail establishments and wholesale trade firms to maintain specified records. Provides that all retail establishments subject to the Act shall be subject to periodic audits. Provides that a violation of the Act is an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Sets forth provisions concerning exemptions; rulemaking; public notice; and a compliance schedule. Amends the Consumer Fraud and Deceptive Business Practices Act to make a conforming change. Effective 90 days after becoming law. 1/27/2026SenateFiled with Secretary by Sen. Steve Stadelman 1/27/2026SenateFirst Reading 1/27/2026SenateReferred to Assignments