Install
Reclaim Trade Powers Act
A bill to repeal section 122 of the Trade Act of 1974 relating to balance-of-payments authority.
- Introduced
- Committee
- Passed Senate
- Passed House
- 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 11, 2026 Read twice and referred to the Committee on Finance.
- Mar 11, 2026 Introduced in Senate
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