[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 505 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 505

To impose additional duties on imports of goods into the United States.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 16, 2025

 Mr. Golden of Maine introduced the following bill; which was referred 
                   to the Committee on Ways and Means

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                                 A BILL


 
To impose additional duties on imports of goods into the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. IMPOSITION OF ADDITIONAL DUTIES ON IMPORTS OF GOODS INTO THE 
              UNITED STATES.

    (a) In General.--The President shall--
            (1) impose a duty on imports of any good into the United 
        States in an amount equal to 10 percent ad valorem of the good 
        for each calendar year beginning on or after the date of the 
        enactment of this Act; and
            (2) for each calendar year beginning after the calendar 
        year referred to in paragraph (1)--
                    (A) if the United States has a deficit in the trade 
                of goods and services generally for the immediately 
                preceding calendar year, increase the duty imposed 
                under paragraph (1) on such good by an additional 
                amount equal to 5 percent ad valorem of the good; or
                    (B) if the United States has a balance or surplus 
                in the trade of goods and services generally for the 
                immediately preceding calendar year, decrease the duty 
                imposed under paragraph (1) on such good by an amount 
                equal to 5 percent ad valorem of the good for each 
                calendar year beginning after the calendar year 
                referred to in paragraph (1), except that the duty 
                imposed under paragraph (1) on such good shall not be 
                reduced below $0.
    (b) Duties To Be Considered Additional Duties.--The duty required 
by subsection (a) with respect to a good is in addition to any other 
duty imposed by law with respect to the good.
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