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119th CONGRESS
1st Session |
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.
Mr. Panetta (for himself, Mr. Beyer, Ms. DelBene, Ms. Sewell, and Mr. Schneider) introduced the following bill; which was referred to the Committee on Ways and Means
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Reclaim Trade Powers Act”.
SEC. 2. Elimination of balance of payments authority.
Section 122 of the Trade Act of 1974 (19 U.S.C. 2132) is repealed.