Limiting Presidential Power on Tariffs and Import Quotas.
This bill aims to restrict the President's ability to impose tariffs and import quotas on goods entering the U.S. during emergencies. This means the President would not be able to unilaterally increase the cost of imported products, potentially affecting prices for consumers.
Key points
The President would lose the authority to impose duties and import quotas under the International Emergency Economic Powers Act.
This change could stabilize prices of imported goods by preventing sudden increases due to presidential decisions.
Status:
Introduced
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