Install
Reclaim Trade Powers Act
To amend the Trade Act of 1974 to eliminate the authority to impose certain import surcharges to address balance of payments deficits, and for other purposes.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Mar 27, 2025 Referred to the House Committee on Ways and Means.
- Mar 27, 2025 Introduced in House
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