Proposed
Bill · 119th Congress · S 4049
Reclaim Trade Powers Act
Refreshed 4 h ago
Introduced 2026-03-11Topic: 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
- Tim Kaine Democrat sponsor
- 15 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-03-11 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2026-03-11 | Introduced in Senate | introduce |