Bill 118 hr 7983, also known as the Stop Executive Overreach on Trade Agreements Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to limit the authority of the President to enter into trade agreements without the approval of Congress.
The bill aims to ensure that trade agreements negotiated by the President are subject to congressional oversight and approval. It seeks to prevent the President from making unilateral decisions on trade agreements that could have significant economic and social implications for the country.
Under the provisions of the bill, the President would be required to consult with Congress before initiating any trade negotiations. Additionally, any trade agreement negotiated by the President would need to be approved by Congress before it could be implemented.
Supporters of the bill argue that it is necessary to prevent executive overreach and ensure that trade agreements are in the best interest of the American people. They believe that Congress should have a more active role in shaping trade policy and that the President should not have unchecked authority in this area.
Opponents of the bill, however, argue that it could hinder the ability of the President to negotiate trade agreements effectively and could lead to delays in the implementation of important trade deals. They believe that the President should have the flexibility to negotiate trade agreements in the best interest of the country without being overly constrained by Congress.
Overall, the Stop Executive Overreach on Trade Agreements Act is a controversial piece of legislation that raises important questions about the balance of power between the executive and legislative branches of government when it comes to trade policy. It will be interesting to see how this bill progresses through Congress and what impact it may have on future trade agreements.