Sponsors (5)
The bill trades greater price and supply‑chain predictability by restricting emergency tariff actions for reduced executive flexibility to apply graduated economic pressure, which could force harsher trade responses that disrupt businesses and consumers.
Consumers and importers (taxpayers and small-business owners) face fewer sudden tariff increases during declared national emergencies, reducing unexpected price spikes and short-term cost shocks.
Businesses that depend on international trade (small businesses and financial institutions) gain more predictable trade rules because the bill limits expansive use of emergency tariff authority.
U.S. businesses and consumers (small-business owners and taxpayers) could face more severe disruptions if policymakers are left with only blunt tools (outright import exclusions/bans), which may raise costs and break supply chains.
Taxpayers may see reduced national-security flexibility because Congress removes a more graduated tariff tool the President could use to counter economic coercion without resorting to full bans.
Based on analysis of 2 sections of legislative text.
Introduced January 17, 2025 by Jeanne Shaheen · Last progress January 17, 2025
Amends the International Emergency Economic Powers Act to remove the President’s authority to impose or increase import duties or establish tariff-rate quotas during a declared national emergency, while keeping the President’s ability to block or exclude imports entirely or by type. The bill otherwise contains a brief naming clause and does not appropriate funds or create new programs.