Congressional Oversight of Duties: Limiting Presidential Trade Authority
This new act changes how import duties are imposed. The President must now inform Congress within 48 hours of any new or increased duties. These duties will only last for 60 days unless Congress approves them, giving citizens more say over the cost of imported goods.
Key points
The President must notify Congress of new duties within 48 hours, explaining the reasons and potential impact on businesses and consumers.
Duties expire after 60 days unless Congress approves them, giving citizens a say in the prices of imported goods.
Congress can disapprove a duty at any time, causing it to cease, protecting citizens from unwanted price increases.
Status:
Introduced
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