Prevent Tariff Abuse Act

Bill 118 hr 10181, also known as the "To exclude the imposition of duties and import quotas from the authorities provided to the President under the International Emergency Economic Powers Act," aims to limit the President's authority under the International Emergency Economic Powers Act (IEEPA) by excluding the imposition of duties and import quotas from the powers granted.

The IEEPA grants the President broad authority to regulate international commerce in times of national emergency. This includes the ability to impose duties and quotas on imports to protect national security and address economic threats. However, some critics argue that this authority has been abused in the past, leading to negative consequences for American businesses and consumers.

This bill seeks to address these concerns by specifically excluding the imposition of duties and import quotas from the President's powers under the IEEPA. This would limit the President's ability to use tariffs and other trade restrictions as a tool in response to national emergencies, potentially preventing harmful economic consequences. Overall, Bill 118 hr 10181 aims to strike a balance between national security concerns and the need to protect American businesses and consumers from the negative impacts of trade restrictions. It will be interesting to see how this bill progresses through Congress and whether it ultimately becomes law.