H.R.407 - Prevent Tariff Abuse Act (119th Congress)
Summary
H.R.407, the "Prevent Tariff Abuse Act," aims to limit the President's power under the International Emergency Economic Powers Act (IEEPA) by preventing the imposition of duties and import quotas. The bill amends Section 203 of IEEPA to explicitly exclude the authority to impose tariffs or quotas. It was introduced in the House of Representatives and referred to the Committees on Foreign Affairs and Ways and Means.
Expected Effects
If enacted, this bill would require Congress to explicitly authorize tariffs and quotas imposed under national emergency declarations. It would shift trade policy decisions more towards the legislative branch. The President would need Congressional approval to use tariffs as a response to national emergencies.
Potential Benefits
- Prevents potential misuse of presidential power regarding tariffs.
- Increases Congressional oversight on trade policy.
- Provides more predictability for businesses involved in international trade.
- Could lead to more stable international trade relations.
- Reinforces the separation of powers between the executive and legislative branches.
Most Benefited Areas:
Potential Disadvantages
- May hinder the President's ability to respond quickly to economic emergencies.
- Could create delays in implementing necessary trade measures.
- May weaken the President's negotiating power in international trade agreements.
- Could lead to political gridlock on trade policy decisions.
- Potentially reduces flexibility in addressing unforeseen economic challenges.
Constitutional Alignment
The bill aligns with Article I, Section 8 of the Constitution, which grants Congress the power to regulate commerce with foreign nations and to lay and collect duties. By limiting the President's authority to impose tariffs under IEEPA, the bill reinforces Congress's constitutional role in trade policy. It also reflects the principle of separation of powers, ensuring that significant economic policy decisions are subject to legislative oversight. The bill does not appear to infringe upon any specific constitutional rights or amendments.
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).