Reclaim Trade Powers Act

This bill is called the Reclaim Trade Powers Act and was introduced in the Senate on March 11, 2026. The main purpose of the bill is to repeal section 122 of the Trade Act of 1974. Section 122 relates to balance-of-payments authority. The bill also makes a clerical amendment to the table of contents of the Trade Act of 1974. Additionally, it makes a conforming amendment to section 127(b) of the Trade Act of 1974 to remove reference to actions under section 122(c).