What is the official ID of this bill?
The official print number for this legislation is S 691.
Congressional Oversight of Presidential Trade Actions
This bill aims to ensure that the President of the United States cannot unilaterally implement significant foreign trade changes, such as new tariffs or import restrictions. Instead, such decisions will require Congressional approval, which is intended to protect the economic interests of citizens and businesses from sudden shifts. Citizens will gain greater certainty regarding trade policy stability.
Key points
New tariffs or import restrictions imposed by the President will require Congressional approval.
The President must provide a detailed economic analysis of any proposed trade action, including its impact on jobs and the economy.
An independent government agency (Comptroller General) will assess the President's compliance with the law when proposing changes.
One year after implementation, an independent commission (US International Trade Commission) will assess the impact of the action on American producers and consumers.
Status:
Expired
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