H.R. 505 · 119th Congress
To impose additional duties on imports of goods into the United States.
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D
GoldenSponsorNo cosponsors.
This bill directs the President to impose additional duties (i.e., tariffs) on all imports entering the United States.
What it does: CRS summary · Introduced in House · Jan 16, 2025
This bill directs the President to impose additional duties (i.e., tariffs) on all imports entering the United States.
Specifically, the President must impose an additional 10% duty on all imports entering the United States.
Additionally, the bill directs the President to increase this duty on imported goods by an additional 5% if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year. If the United States has a balance or surplus in the trade of goods and services, then the President must decrease the duty by 5% (except the imposed duty shall not be reduced below $0).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To impose additional duties on imports of goods into the United States.
Latest action (Jan 16, 2025): Referred to the House Committee on Ways and Means.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Jan 16, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.