HR 4405
109th Congress
House
Foreign Trade and International Finance
Balance of payments
Congress
Congress and foreign policy
Congressional reporting requirements
Government Operations and Politics
International Affairs
President and foreign policy
Trade agreements
Balancing Trade Act of 2005
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2005
Referred to the House Committee on Ways and Means.
Nov 18, 2005
Introduced in House
Mar 9, 2005
Sponsor introductory remarks on measure. (CR H852)
Plain-English summary
Balancing Trade Act of 2005 - Requires the President, if in three consecutive calendar years the United States has a trade deficit with another country of $10 billion or more, to take the necessary steps to create a trading relationship that would eliminate or substantially reduce that trade deficit, by entering into an agreement with that country or otherwise.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1