H.R.2842 - Stop Raising Prices on Food Act (119th Congress)
Summary
H.R.2842, the "Stop Raising Prices on Food Act," aims to limit the President's authority to impose new or additional duties on imports from major agricultural trading partners of the United States. The bill defines "covered countries" as the top 5 importers of US agricultural goods and "covered duties" as those proclaimed under specific trade laws. It requires the President to seek congressional authorization before imposing such duties, including submitting a detailed justification and impact assessment.
Expected Effects
If enacted, this bill would constrain the President's ability to unilaterally use tariffs as a trade tool, particularly concerning agricultural imports. It would shift more trade policy decisions to Congress, requiring a joint resolution of approval for new or increased duties on major agricultural trading partners. This could lead to more predictable trade relations but also potentially slower responses to trade disputes.
Potential Benefits
- Could stabilize trade relationships with major agricultural partners.
- May prevent sudden increases in food prices due to tariffs.
- Increases congressional oversight of trade policy.
- Requires the President to provide detailed justification for tariffs, promoting transparency.
- Could lead to more diplomatic solutions to trade disputes.
Potential Disadvantages
- May limit the President's ability to respond quickly to unfair trade practices.
- Could create delays in addressing urgent trade issues.
- Might weaken the U.S.'s negotiating position in trade talks.
- Could lead to political gridlock in approving necessary tariffs.
- May disproportionately affect certain sectors of the agricultural economy.
Constitutional Alignment
The bill aligns with Article I, Section 8 of the Constitution, which grants Congress the power to regulate commerce with foreign nations. By requiring congressional approval for presidential imposition of duties, it reinforces Congress's role in trade policy. The bill also respects the separation of powers by allowing the President to propose trade actions while reserving the final decision for Congress.
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).