HR 2459 · 119th CongressIn Committeecongress.gov ↗

Reclaim Trade Powers Act

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would remove a law that lets the President put temporary taxes of up to 15% on imported goods for up to 150 days. The President can currently use this power when the United States has serious problems with the balance of money flowing in and out of the country compared to other nations.

Sponsor

Rep. Panetta, Jimmy [D-CA-19]

D

Introduced

March 27, 2025

Policy Area

Foreign Trade and International Finance

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