Home Market Restoration Act of 2026

The Home Market Restoration Act of 2026 establishes specific limits on the quantity of certain agricultural products, such as shrimp, honey, crawfish, rice, and beef, that can enter the United States at lower tariff rates. These limits, known as tariff-rate quotas, are assigned to specific countries and vary by product type, with stricter caps on imports from nations like India, China, and Pakistan compared to others. If imports exceed these established quotas, the bill mandates significantly higher duties, ranging from 40 percent ad valorem for shrimp to over 400 percent for crawfish products. Additionally, the legislation increases standard duties on live cattle and sheep or goat meat while setting annual quantity limits for beef imports from major suppliers like Argentina, Australia, and Canada. The act also includes a mechanism to adjust dollar-based tariff rates annually based on inflation and requires the publication of these limits and rates by federal officials.