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Congressional Oversight of Presidential Trade Actions

This act aims to increase Congress's role in foreign trade decisions, such as imposing tariffs or import restrictions. This means the President will need Congressional approval for most trade actions, which could affect the stability of imported goods prices and product availability in the market.
Key points
The President will need Congressional approval to impose new tariffs, import bans, or other trade restrictions.
In emergencies (e.g., national security threats), the President can implement temporary trade measures for 90 days without Congressional approval.
Congress will receive detailed reports from the President and an independent auditor on proposed trade actions, increasing decision transparency.
After trade actions are implemented, an independent commission will assess their impact on the U.S. economy, including producers and consumers.
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Expired
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Additional Information
Print number: 118_HR_2549
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2023-04-10
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OFFICIAL LEGAL TITLE

Global Trade Accountability Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2549.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-10.

What are the main provisions?

Key points include:

  • The President will need Congressional approval to impose new tariffs, import bans, or other trade restrictions.
  • In emergencies (e.g., national security threats), the President can implement temporary trade measures for 90 days without Congressional approval.
  • Congress will receive detailed reports from the President and an independent auditor on proposed trade actions, increasing decision transparency.
  • After trade actions are implemented, an independent commission will assess their impact on the U.S. economy, including producers and consumers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy