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EconomyS. 4049Not Yet VotedComments

Reclaim Trade Powers Act

Official title: A bill to repeal section 122 of the Trade Act of 1974 relating to balance-of-payments authority.

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What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, current stage
  3. Floor Vote, not yet
  4. Outcome, not yet

What This Bill Does

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.

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Related Documents

Timeline

  1. Library of CongressIntroduced in Senate
  2. SenateRead twice and referred to the Committee on Finance.
  3. Introduced
  4. Committee

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