Reclaim Trade Powers Act
119-S-4049119th CongressIntroduced Mar 11, 2026Foreign Trade and International Finance
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Read twice and referred to the Committee on Finance.
Sponsor
Sen. Kaine, Tim [D-VA](D-VA)15 cosponsors
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.
Actions (2)
Read twice and referred to the Committee on Finance.
Mar 11, 2026Senate
Introduced in Senate
Mar 11, 2026Library of Congress