Trade Review Act of 2025

Hozzl · 2025-04-15T04:23:18Z

Explore the details of Senate Bill 1272 Trade Review Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/15/2025, 4:23 AM

Summary of Bill S 1272

Bill 119 s 1272, also known as the "Notification and Review of Duties Imposition Act," aims to ensure that Congress is notified and has the opportunity to review any decisions made regarding the imposition of duties.

The bill requires the President to notify Congress within 30 days of imposing duties on any imported goods. This notification must include a detailed explanation of the reasons for imposing the duties, as well as the expected impact on the economy and consumers.

Congress will then have the opportunity to review the decision and potentially take action to overturn or modify the duties. This process is intended to increase transparency and accountability in the imposition of duties, ensuring that Congress has a say in decisions that could have significant economic consequences. Overall, Bill 119 s 1272 seeks to strengthen the role of Congress in trade policy and ensure that decisions regarding duties are made with careful consideration of their potential impact.

Congressional Summary of S 1272

Trade Review Act of 2025

This bill requires congressional notification and review of new or increased duties (i.e., tariffs) imposed by the President on articles imported into the United States.

Specifically, the President must notify Congress within 48 hours of imposing or increasing a duty on articles imported into the United States. This notification must include (1) the rationale for imposing or increasing the duty, and (2) an assessment of the duty's potential impact on U.S. businesses and consumers. The bill limits the duration of a duty to 60 days, unless a joint resolution of approval is enacted into law.

A duty shall cease to have force or effect if a joint resolution of disapproval is enacted into law.

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Current Status of Bill S 1272

Bill S 1272 is currently in the status of Bill Introduced since April 3, 2025. Bill S 1272 was introduced during Congress 119 and was introduced to the Senate on April 3, 2025. Bill S 1272's most recent activity was Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2173-2174: 3) as of April 3, 2025