# 119-s-4049: Reclaim Trade Powers Act

119-s-4049, Reclaim Trade Powers Act, is a 119th Congress bill sponsored by Sen. Kaine, Tim [D-VA] (D-VA); status introduced; PRIA reads it as touching household money (as of 2026-10-22).

- Canonical: https://policyrisk.com/legislation/119-s-4049
- As of: 2026-10-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4049
- Congress: 119
- Title: Reclaim Trade Powers Act
- Status: introduced
- Introduced: 2026-03-11
- Sponsor: Sen. Kaine, Tim [D-VA] (D-VA)
- Cosponsors: 15
- Policy area: Foreign Trade and International Finance
- Touches household money: yes
- Last recorded action: 2026-10-22

## Summary

**Repeals the federal balance-of-payments trade authority.** This bill would repeal Section 122 of the Trade Act of 1974, eliminating the statutory authority for balance-of-payments measures and removing Section 122 from the act's table of contents. It also strikes cross-references to section 122(c) and makes clerical and conforming edits.

## Cosponsors (15)

- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2026-03-11T00:00:00.000Z
- Sen. Wyden, Ron [D-OR] (D-OR), 2026-03-11T00:00:00.000Z
- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2026-03-11T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2026-03-11T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-03-11T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2026-03-11T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-03-11T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2026-03-11T00:00:00.000Z
- Sen. Rosen, Jacky [D-NV] (D-NV), 2026-03-11T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-03-11T00:00:00.000Z
- Sen. Heinrich, Martin [D-NM] (D-NM), 2026-03-11T00:00:00.000Z
- Sen. Murray, Patty [D-WA] (D-WA), 2026-03-11T00:00:00.000Z
- Sen. Durbin, Richard J. [D-IL] (D-IL), 2026-03-12T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2026-03-17T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2026-03-17T00:00:00.000Z

## Provisions PRIA read

- Remove presidential trade balance power: mixed, medium. This bill would repeal Section 122 of the Trade Act of 1974, removing the President's balance-of-payments trade authority. It would also strike Section 122 from the Trade Act table of contents and delete a cross-reference in section 127(b). If enacted, this would limit one statutory tool presidents…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-2150: Women’s Health Protection Act of 2025
- 119-s-2523: John R. Lewis Voting Rights Advancement Act of 2025
- 119-s-1115: Paycheck Fairness Act

## Sources
- [119-s-4049 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4049)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-2150: Women’s Health Protection Act of 2025](https://policyrisk.com/legislation/119-s-2150)
- [119-s-2523: John R. Lewis Voting Rights Advancement Act of 2025](https://policyrisk.com/legislation/119-s-2523)
- [119-s-1115: Paycheck Fairness Act](https://policyrisk.com/legislation/119-s-1115)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4049 (as of 2026-10-22).