Stop Executive Overreach on Trade Agreements

Hozzl · 2024-12-19T04:53:17Z

Explore the details of House Bill 7983 Stop Executive Overreach on Trade Agreements currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/19/2024, 4:53 AM

Summary of Bill HR 7983

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.

Congressional Summary of HR 7983

Stop Executive Overreach on Trade Agreements

This bill defines free trade agreement for purposes of the clean vehicle tax credit. A free trade agreement is an international agreement approved by Congress that eliminates duties and other restrictive regulations of commerce on substantially all the trade between the United States and one or more other countries.

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Current Status of Bill HR 7983

Bill HR 7983 is currently in the status of Bill Introduced since April 15, 2024. Bill HR 7983 was introduced during Congress 118 and was introduced to the House on April 15, 2024. Bill HR 7983's most recent activity was Placed on the Union Calendar, Calendar No. 726. as of December 17, 2024

Bipartisan Support of Bill HR 7983

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7983

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7983

Stop Executive Overreach on Trade AgreementsStop Executive Overreach on Trade AgreementsTo amend the Internal Revenue Code of 1986 to define the term free trade agreement for purposes of the clean vehicle credit.

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Comments

Sponsors and Cosponsors of HR 7983

Michelle Fischbach

Minnesota(Republican)

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