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Reclaim Trade Powers Act

This bill repeals section 122 of the Trade Act of 1974 relating to balance-of-payments authority.
Key points
Repeals section 122 of the Trade Act of 1974.
Makes clerical and conforming amendments to the Trade Act of 1974.
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Status:
Introduced
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Additional Information
Print number: 119_S_4049
Sponsor: Sen. Kaine, Tim [D-VA]
Process start date: 2026-03-11
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3.1-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

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_S_4049.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-03-11.

What are the main provisions?

Key points include:

  • Repeals section 122 of the Trade Act of 1974.
  • Makes clerical and conforming amendments to the Trade Act of 1974.
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 Sen. Kaine, Tim [D-VA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-22.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law