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Assistance for Firms Harmed by Tariffs on Exports Act
2/8/2022, 11:17 PM
Congressional Summary of HR 6124
Assistance for Firms Harmed by Tariffs on Exports Act
This bill provides financial assistance to companies harmed by retaliatory foreign tariffs.
Specifically, it expands the Trade Adjustment Assistance for Firms program, which currently provides such assistance to companies adversely affected by competing imported goods and services.
The bill authorizes companies that have seen a significant decrease in sales of exported goods or services, in whole or in part as a result of tariffs imposed by foreign countries in response to U.S. tariff increases, to petition the Department of Commerce for trade adjustment assistance.
Read the Full Bill
Current Status of Bill HR 6124
Bill HR 6124 is currently in the status of Bill Introduced since March 5, 2020. Bill HR 6124 was introduced during Congress 116 and was introduced to the House on March 5, 2020. Bill HR 6124's most recent activity was Referred to the House Committee on Ways and Means. as of March 5, 2020
Bipartisan Support of Bill HR 6124
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6124
Primary Policy Focus
Foreign Trade and International FinancePotential Impact Areas
- Competitiveness, trade promotion, trade deficits
- Tariffs
- Trade adjustment assistance
- Trade agreements and negotiations
- Trade restrictions
- Unemployment
- War and emergency powers
Alternate Title(s) of Bill HR 6124
Assistance for Firms Harmed by Tariffs on Exports Act
To amend the Trade Act of 1974 to provide adjustment assistance to firms adversely affected by reduced exports resulting from tariffs imposed as retaliation for United States tariff increases, and for other purposes.
Assistance for Firms Harmed by Tariffs on Exports Act
Comments
Sponsors and Cosponsors of HR 6124
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