S.287 - Bicameral Congressional Trade Authority Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. Toomey, Pat [R-PA] (Introduced 01/31/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/31/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.287 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (01/31/2019)
Bicameral Congressional Trade Authority Act of 2019
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.