Sponsors (74)
Introduced January 15, 2025 by Suzan K. Delbene · Last progress January 15, 2025
The bill prioritizes congressional oversight and more predictable trade policy at the cost of reducing the President's ability to quickly use tariffs or quotas for emergency economic or national-security responses.
Importers, consumers, and small businesses would face fewer sudden tariff increases or quotas because the President would be barred from unilaterally imposing duties or quotas under IEEPA.
Taxpayers and the public would see restored congressional control over trade restrictions because authority to impose tariffs and quotas would be reserved to the legislative process rather than unilateral executive action.
Taxpayers and small businesses could face slower national-security and emergency trade responses because the President's ability to act quickly with duties or quotas would be limited.
Small businesses and middle-class families might receive less protection for domestic industries or supply chains in crises because temporary tariffs or quotas would be harder to implement quickly.
Based on analysis of 2 sections of legislative text.
Bars the President from using IEEPA emergency powers to impose import duties, tariff‑rate quotas, or other quotas on goods entering the U.S.
Prohibits the President, when using authorities under the International Emergency Economic Powers Act (IEEPA), from imposing import duties, tariff‑rate quotas, or other quotas on goods entering the United States. It narrows the President’s trade‑restrictive emergency powers and includes a minor technical redesignation of an existing statutory subsection.