HR2665119th CongressWALLET

Trade Review Act of 2025

Sponsored By: Representative Bacon

Introduced

Summary

Gives Congress a fast, time-limited review over presidential tariffs and duty increases.

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This bill would require the President to notify Congress within 48 hours after imposing or raising an import duty and to explain the reasoning and expected effects on U.S. businesses and consumers.

  • Congress: Would receive 48-hour notifications and could use expedited joint resolutions to approve or end a duty. A duty stays in effect for up to 60 days unless Congress approves it.
  • President and administration: Must provide a written explanation and an assessment of potential impacts within 48 hours. Antidumping and countervailing duties are excluded from this review.
  • Businesses and consumers: Would get a formal impact assessment and shorter uncertainty because new or higher duties automatically lapse after 60 days without congressional approval.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tariffs would expire in 60 days without approval

If enacted, the President would have to notify Congress within 48 hours after raising or imposing a tariff. The notice would explain the reasons and likely effects on businesses and consumers. The tariff would end after 60 days unless Congress passes a joint approval. Lawmakers could also pass a joint disapproval to end a tariff sooner, using fast-track procedures. Antidumping and countervailing duties would not be covered.

Sponsors & CoSponsors

Sponsor

Bacon

NE • R

Cosponsors

  • Hurd (CO)

    CO • R

    Sponsored 4/7/2025

  • Gottheimer

    NJ • D

    Sponsored 4/7/2025

  • Meeks

    NY • D

    Sponsored 4/7/2025

  • Sherman

    CA • D

    Sponsored 4/9/2025

  • Newhouse

    WA • R

    Sponsored 4/9/2025

  • Kim

    CA • R

    Sponsored 5/8/2025

  • Friedman

    CA • D

    Sponsored 5/8/2025

  • Case

    HI • D

    Sponsored 9/8/2025

Roll Call Votes

No roll call votes available for this bill.

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