S.746 - Trade Security Act of 2021117th Congress (2021-2022) |
|Sponsor:||Sen. Portman, Rob [R-OH] (Introduced 03/15/2021)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 03/15/2021 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.746 — 117th Congress (2021-2022)All Information (Except Text)
Introduced in Senate (03/15/2021)
Trade Security Act of 2021
This bill revises provisions related to the adjustment of U.S. imports due to a national security threat.
The bill allows Congress to block a presidential import adjustment through a joint resolution. This provision retroactively applies to adjustments made on or after July 1, 2018. However, it shall not apply to specified steel and aluminum import adjustments.
The Department of Defense (currently, the Department of Commerce) must
- investigate the national security threat of a U.S. import, and
- report to the President the results of that investigation.
Commerce must provide recommendations regarding such imports upon request by the President.