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H.R. 3982: To establish a Tariff Response and Damages to Exports fund, and for other purposes.

119th Congress · introduced 2025-06-12 · Foreign Trade and International Finance · Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, 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.

federal

What does this mean?

Official title

To establish a Tariff Response and Damages to Exports fund, and for other purposes.

Plain summary

This bill establishes the Tariff Response And Damages to Exports Fund within the Treasury, authorizes certain revenues collected from duties (e.g., tariffs) on certain agricultural products to be deposited into the fund, and requires the Department of Agriculture (USDA) to use the fund to make payments to agricultural producers affected by trade-related market disruptions. Specifically, the bill authorizes the President to deposit into this fund any revenues collected from duties on imported products that are classified under Chapters 1-24 of the Harmonized Tariff Schedule of the United States (which includes, among other products, live animals, animal and vegetable products, seafood, prepared foodstuffs, and beverages). USDA must use any amounts deposited into the fund to make payments to agricultural producers that have been affected by trade-related marketed disruptions, including losses USDA determines are due to (1) decreased exports, (2) tariff or non-tariff barriers imposed by foreign countries, or (3) increases in the costs of items and goods necessary for the production of agricultural commodities and livestock. USDA must annually report to Congress on the total revenues transferred into the fund, the economic impacts on affected agricultural producers, and a summary of assistance provided to these agricultural producers. The authorities provided by the bill terminate on September 30, 2030, and the bill permanently rescinds the unobligated balances of all amounts available in the fund as of this date.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

To establish a Tariff Response and Damages to Exports fund, and for other purposes.

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Letlow, Julia [R-LA-5] · 2 cosponsors

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Words on this page, explained (1)
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).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr3982 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills