Last progress June 12, 2025 (5 months ago)
Introduced on June 12, 2025 by Julia Letlow
Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill creates a new Treasury fund called the Tariff Response And Damages to Exports (TRADE) Fund. Money from U.S. tariffs on imported farm and food products can be placed in this fund. The U.S. Department of Agriculture can use the money to make direct payments to farmers and ranchers hurt by trade problems—like lost exports, foreign tariffs or other barriers, or higher costs for feed, fertilizer, and other supplies. After any year when payments go out, the Department must send Congress a report on the money collected, the trade impacts on producers, and the help provided.
The program ends on September 30, 2030, and any money left in the fund on that date is canceled.
Key points