119th Congress · HOUSE BILLBILL

H.R. 2459 — Reclaim Trade Powers Act

“To amend the Trade Act of 1974 to eliminate the authority to impose certain import surcharges to address balance of payments deficits, and for other purposes.”

Foreign trade and international finance

Introduced Mar 27, 2025

Last action Mar 27, 2025

Pipeline · Bill → Law

Step 1

Introduced

Mar 27, 2025

Step 2

Referred

Mar 27, 2025

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.

Provisions · 2 sectionsIntroduced in House

Amendment

Timeline · 2 actions

Mar 27, 2025

Introduced in House

Mar 27, 2025

Referred to the House Committee on Ways and Means.