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# Summary of S. 4945, Home Market Restoration Act of 2026 This bill imposes import quotas and tariffs on seven agricultural and seafood products to protect domestic producers. The legislation establishes tariff-rate quotas, which allow a certain volume of imports to enter at lower duties, while quantities exceeding those limits face much higher tariff rates. For shrimp, honey, crawfish, rice, and catfish fillets, the bill sets annual import limits by country of origin. For example, Ecuador can export up to 181 million kilograms of shrimp annually at standard rates, but shrimp exceeding these limits faces a 40 percent additional tariff. Honey imports are capped at roughly 39 million kilograms per quarter, with above-quota rates determined by comparing import prices to U.S. production costs. Crawfish faces particularly high tariffs, with some categories reaching 300 percent for in-quota imports and over 400 percent above quota. The bill also increases base tariff rates on sheep and goat meat and beef products, with additional quotas that decline annually through 2036. Live cattle imports are capped at 1.5 million animals per year at a 25 percent tariff, with 50 percent rates for excess quantities. Dollar-based tariffs are adjusted annually for inflation beginning in 2027. The bill primarily affects U.S. importers, foreign exporters, and domestic agricultural producers in shrimp, honey, crawfish, rice, beef, and sheep industries. Consumer costs for these imported products will likely increase. The legislation provides no new funding but directs customs officials to publish quota details and track compliance.

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