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Proposed

Bill · 119th Congress · S 4049

Reclaim Trade Powers Act

Refreshed 4 h ago

Introduced 2026-03-11Topic: economy jobs

Summary

Summary by the Congressional Research Service

Reclaim 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.

Full text and official record on Congress.gov

Sponsors

Action history

DateChamberActionStatus effect
2026-03-11SenateRead twice and referred to the Committee on Finance.refer
2026-03-11Introduced in Senateintroduce
Source: GovInfo Bill Status (Library of Congress), fetched 2026-10-21. Provisions and opinion polling arrive in a later release.