S 4049
119th Congress
Senate
Foreign Trade and International Finance
Reclaim Trade Powers Act
Introduced: March 11, 2026
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 11, 2026
Read twice and referred to the Committee on Finance.
Mar 11, 2026
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1