United StatesCongress would remove a trade power tied to international payments
The proposal would repeal a federal trade-law provision dealing with imbalances in payments between the United States and other countries.
What it does
Congress would remove Section 122 of the Trade Act of 1974, which concerns trade powers tied to imbalances in payments with other countries.
Argument forRemoving this authority could limit government intervention in trade based on imbalances in payments with other countries.
Argument againstRemoving this authority could leave the government with fewer ways to respond to imbalances in payments with other countries.
More detail
Congress would repeal Section 122 of the Trade Act of 1974. The repeal targets trade authority concerning imbalances in payments with other countries.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 11Introduced in SenateLatest
- Mar 11Read twice and referred to the Committee on Finance.Introduced
Trade