arrow_back Back to App

$20 Billion Tariff Relief for Small US Manufacturers; Blocks Argentina Aid.

This bill redirects potential foreign aid funds by prohibiting the use of the Exchange Stabilization Fund for financial support to Argentina. Instead, it establishes a relief program worth at least $20 billion to directly compensate small and medium-sized US manufacturers. This compensation covers financial harm caused by US tariffs on imported materials used in their production processes.
Key points
Prohibits the Treasury Secretary from using the Exchange Stabilization Fund to provide financial support to Argentina.
Creates a minimum $20 billion financial relief program for small and medium US manufacturers affected by import tariffs (2025-2029).
Eligibility requires manufacturers to employ fewer than 500 people and source at least 50% of their steel or aluminum domestically.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5984
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2025-11-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

American Manufacturers over Argentine Bailouts Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5984.

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 2025-11-07.

What are the main provisions?

Key points include:

  • Prohibits the Treasury Secretary from using the Exchange Stabilization Fund to provide financial support to Argentina.
  • Creates a minimum $20 billion financial relief program for small and medium US manufacturers affected by import tariffs (2025-2029).
  • Eligibility requires manufacturers to employ fewer than 500 people and source at least 50% of their steel or aluminum domestically.
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. Stevens, Haley M. [D-MI-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy