H.R.2464 - Repealing Outdated and Unilateral Tariff Authorities Act (119th Congress)
Summary
H.R. 2464, the "Repealing Outdated and Unilateral Tariff Authorities Act," seeks to repeal Section 338 of the Tariff Act of 1930. This section likely grants the executive branch certain powers related to imposing tariffs. The bill was introduced in the House of Representatives by Mr. Schneider and referred to the Committee on Ways and Means.
Expected Effects
The primary effect of this bill, if enacted, would be to remove the specific tariff authority granted by Section 338 of the Tariff Act of 1930. This would likely shift tariff-related powers, potentially requiring Congressional approval for actions previously taken unilaterally by the executive branch. The practical implications would depend on how frequently and significantly Section 338 has been used.
Potential Benefits
- Could increase Congressional oversight of trade policy.
- May prevent unilateral trade actions that could harm specific sectors of the economy.
- Could lead to more predictable trade relations with other countries.
- Promotes a more balanced distribution of power between the legislative and executive branches regarding trade.
- May encourage more thorough economic analysis before tariff decisions are made.
Potential Disadvantages
- Could reduce the executive branch's flexibility in responding to unfair trade practices.
- May slow down the process of imposing tariffs to protect domestic industries.
- Could create uncertainty for businesses that rely on existing tariff protections.
- May weaken the U.S.'s negotiating position in trade talks.
- Could lead to increased lobbying efforts by special interests seeking tariff protection.
Constitutional Alignment
The bill's attempt to repeal a law delegating tariff authority to the executive branch touches on the separation of powers principle enshrined in Article I, Section 8 of the Constitution, which grants Congress the power to regulate commerce with foreign nations. Repealing Section 338 could be seen as a reassertion of Congressional authority over trade policy. However, the constitutionality of the original delegation is not directly addressed by this bill.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).