Sponsors (2)
The bill aims to expand U.S.–U.K. trade and speed negotiations—potentially boosting exports, lowering some consumer prices, and strengthening supply chains—while increasing import competition that risks jobs, introducing time‑limited authorities and negotiation trade‑offs that could constrain Congress and leave some benefits limited by tariff floors.
U.S. exporters and small businesses could gain substantially expanded access to U.K. markets, increasing sales and supporting job growth.
U.S. farmers and ranchers could see increased export opportunities to the U.K., supporting farm incomes.
Consumers (households) may pay lower prices on some imported goods if duties are reduced within the agreement's limits.
Some U.S. workers and industries exposed to imports could face increased competition, risking job losses in vulnerable sectors.
Giving the President new negotiating authority may reduce Congress's leverage to amend deals and could speed passage of trade commitments with less opportunity for prolonged congressional input.
Tariff reductions under the authority are time‑limited (authority expires March 1, 2029), creating uncertainty for businesses planning long‑term investments tied to the agreement.
Based on analysis of 4 sections of legislative text.
Grants the President time-limited authority to negotiate and implement a comprehensive U.S.–U.K. trade agreement with congressional consultation and constrained tariff-proclamation powers.
Official title: Provide the President with authority to enter into a comprehensive trade agreement with the United Kingdom, and for other purposes.
Introduced February 27, 2025 by Christopher A. Coons · Last progress February 27, 2025
Authorizes the President to seek and negotiate a comprehensive U.S.–U.K. trade agreement and requires the President to seek to initiate negotiations within 180 days. It sets time-limited expedited procedures (through March 1, 2029), requires consultation and reporting to Congress, imposes limits on tariff changes the President may proclaim to implement the agreement, and incorporates existing trade-priority consultation and oversight rules. It also expresses Congress’s nonbinding view favoring deeper trade and investment ties with allies (especially the United Kingdom) while protecting labor, environmental standards, supply-chain resilience, and the Good Friday Agreement. The bill defines key terms, imposes consultation and notification requirements, and ties any negotiated agreement to the negotiating objectives and oversight provisions of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015; it does not appropriate funds or change tax law.