Study of economic impact of tariffs on Minnesotans required, and money appropriated.

HF 3292 requires Minnesota to study how U.S. tariffs and retaliatory tariffs from other countries impact state households and businesses. The bill appropriates funds to the commissioner of management and budget to examine these economic effects, specifically breaking down impacts by household income level and business sector/size. The study must be completed and reported to legislative committees by February 1, 2026. This bill directly affects all Minnesotans and businesses through the mandated analysis of existing tariff policies.