Proposed
Bill · 119th Congress · HR 2459
Reclaim Trade Powers Act
Refreshed 6 h ago
Introduced 2025-03-27Topic: economy jobsSummary
Summary by the Congressional Research ServiceReclaim Trade Powers Act This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.
Sponsors
- Jimmy Panetta Democrat sponsor
- 20 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-03-27 | House | Referred to the House Committee on Ways and Means. | refer |
| 2025-03-27 | Introduced in House | introduce | |
| 2025-03-27 | Introduced in House | introduce |