U.S. producers could receive tariff relief when funding allows

The program would offer aid for significant, documented tariff losses. Applicants must do substantial production or related work in the United States and follow federal tax and labor laws. Aid must help maintain or increase U.S. production, jobs, investment, or production capacity. Funding would depend on tariff receipts and federal spending rules. Authority to approve aid would end five years after enactment unless Congress renews it; existing loans, repayment duties, and oversight would continue.

Recipients would agree to keep nearly all supported production in the United States and repay some or all aid for major violations. These commitments would apply to people and businesses receiving program aid. Recipients would maintain domestic jobs, with reasonable exceptions for normal business changes. Aid could not fund stock buybacks, dividends, or executive pay increases. Recipients could not use aid to move U.S. production abroad.

At least 35% of annual program aid would go to small and medium-sized businesses. Small firms must meet their industry’s federal small-business size limit. Medium-sized firms must exceed that limit but cannot exceed twice it. Size would be measured using employee counts or annual receipts, including affiliates. Each applicant would still need to meet the program’s eligibility requirements.