Sponsors (74)
The bill protects consumers and reasserts congressional control by blocking new unilateral presidential IEEPA tariffs, but it reduces the President's ability to act quickly in emergencies and shifts pressure to Congress, which may slow urgent trade responses.
Consumers and small-business owners will face lower risk of sudden price increases because imports cannot be hit with new presidential tariffs under IEEPA, reducing unexpected cost shocks for households and firms.
Taxpayers and the public will see stronger legislative checks on trade policy because the bill limits expansion of executive economic authority, increasing Congress's control over tariff actions.
Government contractors and taxpayers will have reduced protection from rapid executive trade responses because the President's flexibility to impose tariffs in national emergencies is curtailed, which could slow economic or security responses.
Federal employees and small businesses may face slower relief or protection in crises because the bill increases reliance on Congress to authorize emergency trade restrictions, risking legislative delays that hamper timely action.
Based on analysis of 2 sections of legislative text.
Removes any implied power for the President under the International Emergency Economic Powers Act (IEEPA) to impose import duties, tariff-rate quotas, or other quotas on goods entering the United States. The bill updates the statutory language to make clear that IEEPA authority does not extend to imposing tariffs or import quotas.
Introduced January 15, 2025 by Suzan K. Delbene · Last progress January 15, 2025