S 4049 · 119th Congress · Foreign Trade and International Finance
Reclaim Trade Powers Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2026-03-11)
Plain Language Summary
[AI summary unavailable — showing source text]
Reclaim Trade Powers Act This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (15)
14 Democrats1 Independent