# 119-hr-5984: American Manufacturers over Argentine Bailouts Act

119-hr-5984, American Manufacturers over Argentine Bailouts Act, is a 119th Congress bill sponsored by Rep. Stevens, Haley M. [D-MI-11] (D-MI); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-5984
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5984
- Congress: 119
- Title: American Manufacturers over Argentine Bailouts Act
- Status: introduced
- Introduced: 2025-11-07
- Sponsor: Rep. Stevens, Haley M. [D-MI-11] (D-MI)
- Cosponsors: 0
- Policy area: Foreign Trade and International Finance
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**$20.0 billion tariff relief for U.S. small and medium manufacturers**. This bill would create a temporary program to reimburse small and medium manufacturers for tariff-related financial harm tied to tariffs imposed between Jan. 20, 2025 and Jan. 20, 2029, and it would bar Treasury support to Argentina from the same fund. - Eligible U.S. small and medium manufacturers that employ fewer than 500 people and source at least 50 percent of steel or aluminum inputs domestically could apply for payments equal to the tariff-related harm they report. - The Treasury Secretary would set up an application process, accept submissions describing the U.S.-made good, the foreign inputs subject to tariffs, and the harm suffered, and may issue guidance or regulations to run the program. - The bill would prohibit the Secretary from providing direct or indirect financial support to Argentina from funds designated under 31 U.S.C. 5302, and ties that prohibition to implementation pursuant to the President's direction. *Authorizes at least $20.0 billion in financial assistance drawn from the Treasury stabilization fund for the tariff relief program.*

## Provisions PRIA read

- Tariff relief for small manufacturers: benefit, high. If enacted, Treasury would run a temporary relief program for small and mid-size manufacturers. You could apply if you are U.S.-based and have fewer than 500 employees. You must source at least 50% of steel or aluminum inputs from U.S. suppliers and use no inputs from a foreign entity of concern. H…
- Treasury barred from aiding Argentina: mixed, low. If enacted, Treasury would be barred from giving Argentina money or other support from the Exchange Stabilization Fund. The ban would cover direct and indirect aid. It would start on enactment and be carried out as directed by the President.

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-5089: Weather Act Reauthorization Act of 2025

## Sources
- [119-hr-5984 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5984)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-5089: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-5089)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5984 (as of 2026-04-21).