S 2934 117th Congress Senate Foreign Trade and International Finance Congressional oversight Energy storage, supplies, demand Government studies and investigations Infrastructure development Legislative rules and procedure Military procurement, research, weapons development Presidents and presidential powers, Vice Presidents Tariffs Trade restrictions

Bicameral Congressional Trade Authority Act of 2021

Introduced: October 5, 2021 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 5, 2021

Read twice and referred to the Committee on Finance.

Oct 5, 2021

Introduced in Senate

Plain-English summary Congressional Research Service

Bicameral Congressional Trade Authority Act of 2021

This bill requires congressional approval for a presidential import adjustment due to a national security threat from an import related to military equipment, energy resources, or critical infrastructure essential to national security. Specifically, the bill requires the President to submit a proposal to Congress, which Congress may approve by a joint resolution. Under current law, the President determines whether any adjustment of an import is necessary and must submit to Congress the reasons for any action taken or not taken.

The Department of Defense (currently, the Department of Commerce) must investigate the effect of these imports on national security.

The bill retroactively applies to any proposed action made four years before enactment of this bill. In general, any rate of duty modification occurring in the time period beginning four years before and ending the day before enactment of this bill must revert to the previous rate unless it receives congressional approval.

What's happening now October 5, 2021

Read twice and referred to the Committee on Finance.

Committees of jurisdiction 1