Prevent Tariff Abuse Act

Hozzl · 2025-02-13T09:06:20Z

Explore the details of House Bill 407 Prevent Tariff Abuse Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/13/2025, 9:06 AM

Summary of Bill HR 407

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.

Congressional Summary of HR 407

Prevent Tariff Abuse Act

This bill prohibits the President from exercising authorities under the International Emergency Economic Powers Act (IEEPA) to impose duties, tariff-rate quotas, or other quotas on imports entering the United States. (IEEPA provides the President with broad authority to regulate various economic transactions following a declaration of a national emergency.)

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Current Status of Bill HR 407

Bill HR 407 is currently in the status of Bill Introduced since January 15, 2025. Bill HR 407 was introduced during Congress 119 and was introduced to the House on January 15, 2025. Bill HR 407's most recent activity was 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. as of January 15, 2025

Bipartisan Support of Bill HR 407

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

137

Democrat Cosponsors

137

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 407

Primary Policy Focus

Alternate Title(s) of Bill HR 407

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

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