Limiting Presidential Trade Power: Congress Gains Oversight
This new law changes how the President can restrict imports that threaten national security. Now, Congress must approve such decisions, and the definition of national security will be narrowed. Citizens might see changes in the availability and prices of certain goods, as the decision-making process becomes more transparent and controlled.
Key points
The President can no longer unilaterally impose import restrictions; each decision will require Congressional approval.
The definition of "national security" will be narrowed to protection from foreign aggression, excluding general welfare.
The process for excluding products from import restrictions will be managed by the International Trade Commission, potentially affecting product availability.
All current import restrictions not approved by Congress within 75 days will expire, which could lower prices for some goods.
Introduced
Citizen Poll