To exclude the imposition of duties and import quotas from the authorities provided to the President under the International Emergency Economic Powers Act.

Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 119 HR 407, also known as the "International Emergency Economic Powers Act Exclusion Act," aims to prevent the President from imposing duties and import quotas under the International Emergency Economic Powers Act (IEEPA). The IEEPA grants the President broad authority to regulate international commerce in times of national emergency.

This bill seeks to limit the President's power by excluding the imposition of duties and import quotas from the authorities provided under the IEEPA. Supporters of the bill argue that this will help prevent abuse of power and protect American businesses and consumers from unnecessary tariffs and trade restrictions.

Opponents of the bill may argue that limiting the President's authority under the IEEPA could hinder the government's ability to respond effectively to national security threats and economic emergencies. However, proponents believe that this bill is necessary to ensure that the President does not overstep his authority and harm the economy through excessive tariffs and import restrictions. Overall, Bill 119 HR 407 aims to strike a balance between national security concerns and economic stability by excluding the imposition of duties and import quotas from the President's powers under the IEEPA. It will be interesting to see how this bill progresses through Congress and whether it ultimately becomes law.