electED.

S 4049 · 119th Congress — Reclaim Trade Powers Act

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…

Congress
119
Bill
S 4049
Status
Introduced
Introduced
2026-03-11
Latest action date
2026-03-11

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.

This summary may describe an earlier version. Check the official record for current wording.

Latest action

Read twice and referred to the Committee on Finance.

Sponsors

Sources