Reclaim Trade Powers Act
Official title: A bill to repeal section 122 of the Trade Act of 1974 relating to balance-of-payments authority.
What Do You Think?
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What Happened in Congress?
Not yet voted on the floor.
Where the Bill Stands
- Introduced, done
- Committee, current stage
- Floor Vote, not yet
- 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.
Sponsors
Related Documents
Timeline
- Library of CongressIntroduced in Senate
- SenateRead twice and referred to the Committee on Finance.
- Introduced
- Committee

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