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H.R. 2459: Reclaim Trade Powers Act
119th Congress · introduced 2025-03-27 · Foreign Trade and International Finance · Latest: Referred to the House Committee on Ways and Means.
federal
Official title
Reclaim Trade Powers Act
Plain summary
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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
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What does this mean? (plain words)
Official text
Reclaim Trade Powers Act
Source: Congressional Research Service summary (Introduced in House)
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Officials and money
Sponsor: Rep. Panetta, Jimmy [D-CA-19] · 21 cosponsors
Money: No cost estimate published yet. No linked contracts or vendors yet.
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Statute
- A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr2459.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr2459 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills