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HR 5289 117th Congress House Foreign Trade and International Finance

Assistance for Firms Harmed by Tariffs on Exports Act

Introduced: September 17, 2021 Introduced by: Schneider, Bradley Scott Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2021
Referred to the Subcommittee on Trade.
Sep 17, 2021
Referred to the House Committee on Ways and Means.
Sep 17, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Assistance for Firms Harmed by Tariffs on Exports Act

This bill expands the authority of the Department of Commerce to provide trade adjustment assistance (i.e., assistance provided to companies that are adversely affected by competing imported goods and services) to firms.

Specifically, Commerce may provide such assistance to a firm that has experienced a decrease in the export of the firm's articles or services as a result of tariffs imposed on such exports by a foreign country in response to U.S. tariffs imposed on the imports of that country. Such decrease must have contributed importantly to a decline in sales or production.

Under current law, Commerce may only provide such assistance to a firm upon a determination that increases of imports of articles or services like or directly competitive with the firm's articles or services contributed importantly to a decline in sales or production.

What's happening now September 17, 2021

Referred to the Subcommittee on Trade.

 Committees of jurisdiction 2