Bill · H.R. 5984· House(119-HR-5984)
American Manufacturers over Argentine Bailouts Act
- Introduced
- 11/7/2025
- Last activity
- 11/7/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Haley Stevens
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill is called the "American Manufacturers over Argentine Bailouts Act." It stops the Secretary of the Treasury from using the Exchange Stabilization Fund to give financial support to Argentina. Instead, it directs those funds to create a relief program for small and medium sized manufacturers in the United States. This program helps these businesses offset negative financial impacts from tariffs applied by the President between January 20, 2025, and January 20, 2029. The Secretary is authorized to provide at least $20 billion in assistance to eligible manufacturers.
Yes· 3 of 9
Does this make it easier to run a small business?+8
Provides significant financial relief to small and medium sized manufacturers impacted by tariffs.
Would business owners be better off under this?+7
Direct financial relief for owners of small and medium sized manufacturing businesses.
Is this likely to grow the economy?+4
Providing $20 billion in relief to domestic manufacturers can stimulate industrial growth.
The opposite
Does this send more money or help to other countries?-7
Explicitly prohibits financial support to Argentina using the Exchange Stabilization Fund.
Does this strengthen ties with allied countries?-3
Cutting financial aid to a foreign nation may strain diplomatic relations.
Does this favour talking over confrontation abroad?-3
Prohibiting support for Argentina could negatively impact diplomatic engagement.
Who it would affect, and how
Potential Positive Impacts for People
-
Financial Relief for Manufacturers: Small and medium sized manufacturers can receive financial support equal to the harm caused by applicable tariffs. This is found in Section 3(a) and Section 3(b)(3).
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Substantial Funding: The bill authorizes no less than $20,000,000,000 in financial assistance to be provided to eligible manufacturers. This is detailed in Section 3(c).
Potential Negative Impacts for People
-
Strict Eligibility Requirements: Not all manufacturers can get help; they must employ fewer than 500 people, source at least 50 percent of steel or aluminum domestically, and not source any inputs from a foreign entity of concern. These limits are listed in Section 3(d)(1).
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Loss of International Support: The bill prohibits the use of the Exchange Stabilization Fund to provide financial support to Argentina. This is stated in Section 2.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+7Good For Rural Residents+3Good For Union Workers+3Good For Middle Class Households+2
- Economy And Finance
- Improves Small Business Support+8Improves Economic Growth+4Increases Job Creation+3
- National Security And Foreign Policy
- Increases Foreign Aid-7Improves Diplomatic Engagement-3Improves International Alliances-3
- Environment Energy And Infrastructure
- Improves Rural Development+2
- Governance And Ideology
- Increases Federal Power+2
- 11/7/2025
- Referred to the House Committee on Financial Services.
- Introduced in House