American Manufacturers over Argentine Bailouts Act

This bill would bar the Secretary of the Treasury from using the Exchange Stabilization Fund to give direct or indirect financial support to Argentina. It would direct the Secretary to use that same fund to set up a relief program for U.S. manufacturers harmed by tariffs the President places on imports between January 20, 2025 and January 20, 2029. Eligible manufacturers would have fewer than 500 employees, get at least half of their steel or aluminum inputs from within the U.S., and use no inputs from a foreign entity of concern. Manufacturers would apply and could receive payments equal to the tariff-related financial harm they describe, with at least $20 billion authorized for the program.

Full text and official record on Congress.gov

Sponsors

• Haley M. Stevens Democrat sponsor
• 0 cosponsors