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Removing President's power to impose import surcharges due to trade deficits.

This bill eliminates the President's authority to quickly impose additional fees (surcharges) or quotas on imported goods solely to address balance of payments deficits. This change shifts power back to Congress regarding major trade policy adjustments. For citizens, this means that sudden, executive-driven price increases on imported products due to trade deficits are no longer possible.
Key points
The President loses the ability to unilaterally impose extra tariffs or limits on imported goods based on national trade deficits.
Any future increases in import fees that could affect consumer prices must now be approved through the legislative process in Congress.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2459
Sponsor: Rep. Panetta, Jimmy [D-CA-19]
Process start date: 2025-03-27
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Reclaim Trade Powers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2459.

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 2025-03-27.

What are the main provisions?

Key points include:

  • The President loses the ability to unilaterally impose extra tariffs or limits on imported goods based on national trade deficits.
  • Any future increases in import fees that could affect consumer prices must now be approved through the legislative process in Congress.
What is the specific legal status?

The current status is Introduced.

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. Panetta, Jimmy [D-CA-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

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

CATEGORIES

Economy