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119-hr-2459119th Congress

Reclaim Trade Powers Act

Sponsored By: Representative Panetta, Jimmy [D-CA-19]

Introduced

Summary

Removes federal authority to impose balance-of-payments import surcharges. This bill would repeal Section 122 of the Trade Act of 1974 (19 U.S.C. 2132), eliminating the statutory basis for import surcharges meant to address balance of payments deficits.

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Bill Overview

Analyzed Economic Effects

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

Remove federal power to add import surcharges

This bill would repeal Section 122 of the Trade Act of 1974. That section lets the federal government add short-term surcharges on imports to address balance of payments deficits. Without it, the government would not be able to add those extra import charges. Importers and businesses would face less risk of sudden surcharge costs. Shoppers could see less chance of price jumps from such surcharges. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Panetta, Jimmy [D-CA-19]

CA • D

Cosponsors

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 3/27/2025

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 3/27/2025

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 3/27/2025

  • Rep. Schneider, Bradley Scott [D-IL-10]

    IL • D

    Sponsored 3/27/2025

  • Rep. Whitesides, George [D-CA-27]

    CA • D

    Sponsored 4/9/2025

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 4/14/2025

  • Rep. Costa, Jim [D-CA-21]

    CA • D

    Sponsored 4/21/2025

  • Rep. Quigley, Mike [D-IL-5]

    IL • D

    Sponsored 4/21/2025

  • Rep. Moskowitz, Jared [D-FL-23]

    FL • D

    Sponsored 4/28/2025

  • Rep. Fletcher, Lizzie [D-TX-7]

    TX • D

    Sponsored 4/30/2025

  • Rep. Sherrill, Mikie [D-NJ-11]

    NJ • D

    Sponsored 6/4/2025

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 2/23/2026

  • Rep. Kamlager-Dove, Sydney [D-CA-37]

    CA • D

    Sponsored 2/23/2026

  • Rep. Stanton, Greg [D-AZ-4]

    AZ • D

    Sponsored 2/23/2026

  • Rep. Walkinshaw, James R. [D-VA-11]

    VA • D

    Sponsored 2/25/2026

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 2/26/2026

  • Rep. Strickland, Marilyn [D-WA-10]

    WA • D

    Sponsored 3/3/2026

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 3/3/2026

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 3/3/2026

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 3/16/2026

  • Rep. McDonald Rivet, Kristen [D-MI-8]

    MI • D

    Sponsored 3/27/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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