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Reclaim Trade Powers Act

In committee: it can still change before the session ends.

US S 4049 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsors
16
Latest action
Mar 11, 2026

What it does

Reclaim Trade Powers Act This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.

Official summary · Introduced in Senate · Mar 11, 2026

Titles and provisions can change as the bill moves.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Mar 11, 2026

  2. Committee (Current step)

    In committee · Mar 11, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Reclaim Trade Powers Act | 52