Legislation Search

H.R. 407: Prevent Tariff Abuse Act

This bill, titled the "Prevent Tariff Abuse Act," aims to modify existing legislation regarding the powers of the U.S. President under the International Emergency Economic Powers Act. Specifically, the bill seeks to clarify that the President does not have the authority to impose duties, tariff-rate quotas, or other import quotas on goods entering the United States as part of emergency economic measures.

Key Provisions

Modification of Presidential Powers: The bill amends Section 203 of the International Emergency Economic Powers Act by explicitly stating that the President's powers do not include the ability to impose tariffs or quotas on imports.
Clarification of Authority: By establishing this prohibition, the bill aims to ensure that tariffs cannot be applied as a measure during declared emergencies, reducing the potential for tariffs to be used as a tool in economic negotiations or conflicts.
Promoting Trade Stability: The intent of the legislation appears to be to promote a more stable trading environment by preventing sudden changes in import costs that can occur due to presidential actions during emergencies.

Implications

This legislation may impact how trade policies are implemented during international crises, as it would limit the range of options available to the President. By removing the ability to impose tariffs or quotas in emergencies, the bill may lead to a different approach to international trade relations and economic strategy when dealing with foreign countries.

Relevant Companies

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Actions

2 actions

Date	Action
Jan. 15, 2025	Introduced in House
Jan. 15, 2025	Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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