# 119-s-206: Restoring Trade Fairness Act

119-s-206, Restoring Trade Fairness Act, is a 119th Congress bill sponsored by Sen. Cotton, Tom [R-AR] (R-AR); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-206
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-206
- Congress: 119
- Title: Restoring Trade Fairness Act
- Status: introduced
- Introduced: 2025-01-23
- Sponsor: Sen. Cotton, Tom [R-AR] (R-AR)
- Cosponsors: 3
- Policy area: Foreign Trade and International Finance
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**This bill would revoke China's permanent normal trade relations and impose a new China‑specific tariff regime that centers on steep, phased duty floors and valuation changes.** It also removes duty‑free treatment for small shipments from covered countries and creates a Trust Fund to compensate U.S. producers for retaliation. - Importers and consumers: Goods from China would face a new minimum duty floor of 35% for most items and 100% for a specified list of sensitive products, and de minimis (small‑shipment) duty relief for covered nations would be barred. - U.S. producers and exporters: Duty receipts from Chinese imports would be transferred into a Trust Fund used to compensate producers and to purchase affected commodities and key industry goods including agriculture, semiconductors, minerals, and aircraft parts; the Trust Fund ends 10 years after enactment. - Customs and trade agencies: Merchandise from China must be appraised on a defined U.S. value and the U.S. International Trade Commission would get additional staff and IT funding of $3.6 million in FY2025 and $3.0 million thereafter. *The bill directs Treasury to transfer duties collected on PRC imports into a Trust Fund to finance compensatory purchases and payments and specifies the Trust Fund’s 10‑year life.*

## Cosponsors (3)

- Sen. Banks, Jim [R-IN] (R-IN), 2025-01-23T00:00:00.000Z
- Sen. Hawley, Josh [R-MO] (R-MO), 2025-01-23T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2025-03-11T00:00:00.000Z

## Provisions PRIA read

- More funding for trade commission staff: benefit, low. If enacted, the bill would authorize $3.6 million for FY2025 and $3.0 million for FY2026 and each fiscal year after. The money would let the U.S. International Trade Commission hire staff and improve information technology. These are authorizations only; Congress must appropriate the funds before s…
- Higher tariffs and yearly quotas: cost, high. If enacted, the President would raise China-only import duties using new minimum floors. Most goods would face at least a 35% duty. Many listed high-tech and strategic items would face at least a 100% duty. Increases phase in over five years (10% at 180 days, 25% at 2 years, 50% at 4 years, and 100…
- China imports valued by U.S. price: cost, medium. If enacted, merchandise from China would be appraised on its 'United States value.' Importers would have to submit a U.S. value statement at entry. CBP would verify values and send disputed valuations to the U.S. International Trade Commission for revision. Appraising on U.S. market prices raises t…
- No $800 duty-free for covered nations: cost, low. If enacted, the bill would keep the $800 de minimis rule but bar duty-free entry for any article that originates in a 'covered nation.' The Secretary may name other exceptions. This change would apply to entries on or after 15 days after enactment. Households buying low-value parcels from covered n…
- Tariff revenue trust for producers: mixed, high. If enacted, duties collected on Chinese imports would be transferred into a new Treasury trust fund starting in fiscal year 2024. Money in the fund would be available by appropriation to compensate U.S. producers for losses from Chinese retaliation and to buy affected U.S. goods. Agriculture paymen…

## Related bills

- 119-s-2342: Intelligence Authorization Act for Fiscal Year 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-3752: SAVE America Act
- 119-s-401: Fair Access to Banking Act

## Sources
- [119-s-206 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/206)

## Related
- [119-s-2342: Intelligence Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-2342)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-206 (as of 2025-12-21).