119th Congress
S. 4049
Reclaim Trade Powers Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Tim Kaine(D-VA)
- Introduced
- Mar 11, 2026
- Policy area
- Foreign Trade and International Finance
- Committees
- Senate Committee on Finance
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (15)
Original cosponsors (12)
- Amy Klobuchar (D-MN)
- Angela D. Alsobrooks (D-MD)
- Angus S. King, Jr. (I-ME)
- Christopher A. Coons (D-DE)
- Chris Van Hollen (D-MD)
- Jacky Rosen (D-NV)
- Mark R. Warner (D-VA)
- Martin Heinrich (D-NM)
- Patty Murray (D-WA)
- Peter Welch (D-VT)
- Raphael G. Warnock (D-GA)
- Ron Wyden (D-OR)
Added later (3)
- Richard J. Durbin (D-IL) · Mar 12, 2026
- Adam B. Schiff (D-CA) · Mar 17, 2026
- Jeanne Shaheen (D-NH) · Mar 17, 2026
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
Reclaim Trade Powers Act
This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.
Roll-call votes
No recorded votes on this bill.
Actions
- Mar 11, 2026 · Senate
Read twice and referred to the Committee on Finance. - Mar 11, 2026
Introduced in Senate