To impose additional duties on imports of goods into the United States.

Hozzl · 2025-02-13T05:18:19Z

Explore the details of House Bill 505 To impose additional duties on imports of goods into the United States. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/13/2025, 5:18 AM

Summary of Bill HR 505

Bill 119 HR 505, also known as the "Import Duties Act," aims to impose additional duties on imports of goods into the United States. The bill was introduced in the House of Representatives and is currently under consideration by the Ways and Means Committee.

If passed, this legislation would require importers to pay higher duties on certain goods entering the country. The goal of the bill is to protect American industries from unfair competition and to promote domestic manufacturing.

Supporters of the bill argue that imposing additional duties on imports will help level the playing field for American businesses and create more jobs in the United States. They believe that this measure will also help reduce the trade deficit and strengthen the economy. Opponents of the bill, however, argue that it could lead to higher prices for consumers and hurt international trade relations. They believe that imposing additional duties on imports could spark retaliatory measures from other countries, leading to a trade war that could harm the global economy. Overall, Bill 119 HR 505 is a controversial piece of legislation that has sparked debate among lawmakers and stakeholders. Its fate remains uncertain as it continues to make its way through the legislative process.

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Current Status of Bill HR 505

Bill HR 505 is currently in the status of Bill Introduced since January 16, 2025. Bill HR 505 was introduced during Congress 119 and was introduced to the House on January 16, 2025. Bill HR 505's most recent activity was Referred to the House Committee on Ways and Means. as of January 16, 2025

Bipartisan Support of Bill HR 505

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 505

Primary Policy Focus

Alternate Title(s) of Bill HR 505

To impose additional duties on imports of goods into the United States.To impose additional duties on imports of goods into the United States.

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Sponsors and Cosponsors of HR 505

Jared F. Golden

Maine(Democrat)

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