Sponsors (41)
The bill lowers consumer and business costs and restores congressional control and procedural clarity over major tariff actions, but at the cost of reduced executive flexibility to respond quickly to trade threats, lower tariff revenues, greater import competition for some domestic industries, and new procedural risks that could be abused or create uncertainty.
Households and businesses that use imported goods will see lower prices and reduced production/input costs immediately because Executive-Order tariffs are removed on enactment.
Importers and firms gain greater predictability because new or higher duties would require congressional approval, reducing sudden tariff changes by executive action.
Restores congressional oversight and democratic accountability over major trade restrictions by requiring legislative approval for significant tariff measures.
Removing the tariffs will reduce federal tariff receipts, potentially increasing budget deficits or forcing cutbacks in programs funded by those revenues.
Domestic producers that competed with goods previously subject to the duties (for example in construction-related sectors) face increased import competition that could lower revenues and lead to job losses.
Requiring congressional approval for new tariffs slows the U.S. ability to respond quickly to unfair foreign trade practices and to comply promptly with international dispute rulings, increasing the risk of economic harm or retaliatory measures.
Based on analysis of 4 sections of legislative text.
Terminates specified recent executive orders that imposed new duties on imports and stops those tariff-imposing authorities on the date the law takes effect. It also requires the President to obtain a joint resolution of Congress approving any future imposition or increase of duties, quotas, tariff-rate quotas, or suspension/withdrawal of trade agreement concessions, with limited statutory and treaty dispute-settlement exceptions.
Introduced April 10, 2025 by Linda T. Sánchez · Last progress April 10, 2025