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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

What does this mean?

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.

What a vote does

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.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Reclaim Trade Powers Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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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

Record fed-us-cong119-hr2459 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills