What is the official ID of this bill?
The official print number for this legislation is HR 2618.
Congress Must Approve Presidential Tariffs and Trade Restrictions
This law requires Congress to approve most new tariffs, duties, or import restrictions proposed by the President before they can take effect. This change ensures that major trade decisions, which directly influence the cost of imported goods and economic stability, are subject to a vote by elected representatives, increasing accountability. The President retains limited 90-day temporary authority only for national security or emergency situations.
Key points
Trade Power Shift: The President can no longer unilaterally impose most new tariffs or import quotas; Congressional approval is now mandatory.
Economic Stability: Requiring Congressional review aims to prevent sudden, unexpected trade actions that could immediately raise consumer prices or disrupt supply chains.
Transparency Requirement: The President must submit a detailed report to Congress analyzing the economic impact and potential foreign retaliation before any action is approved.
Status:
Expired
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