CONGRESS FOR VOTERS

DemocratBill · H.R. 2459· House(119-HR-2459)

Reclaim Trade Powers Act

Rep. Panetta
Age: 57 years
California
Introduced
3/27/2025
Last activity
3/27/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Jimmy Panetta
Cosponsors
Democrat - 21Republican - 0
Foreign Trade and International Finance
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the Reclaim Trade Powers Act, aims to amend the Trade Act of 1974. The primary goal is to eliminate the authority to impose certain import surcharges that were originally intended to address balance of payments deficits. Specifically, the legislation seeks to repeal Section 122 of the Trade Act of 1974 (19 U.S.C. 2132).

Yes· 3 of 5

  • Does this make trade with other countries easier?+2

    The bill directly facilitates more open international trade by removing specific surcharge authorities.

  • Does this strengthen ties with allied countries?+1

    Removing unilateral trade surcharges can foster more stable international trade relationships.

  • Does this favour talking over confrontation abroad?+1

    Decreasing unilateral trade authority may favor diplomatic rather than unilateral economic actions.

The opposite

  • Does this give the federal government more power?-2

    The bill reduces federal authority by repealing a specific trade power.