S 4049
Reclaim Trade Powers Act
Summary
Reclaim Trade Powers Act This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.
Bill status
- Status
- In committee
- Sponsor
- Sen. Tim Kaine [D-VA]
- Cosponsors
- 15
- Policy area
- Foreign Trade and International Finance
- Introduced
- 2026-03-11
- Latest action
- 2026-03-11: Read twice and referred to the Committee on Finance.
Committee referrals
Recent actions
- 2026-03-11: Read twice and referred to the Committee on Finance.
- 2026-03-11: Introduced in Senate