S. 348 · 119th Congress
STABLE Trade Policy Act
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D
CoonsSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Stopping Tariffs on Allies and Bolstering Legislative Exercise of Trade Policy Act or the STABLE Trade Policy Act
What it does: CRS summary · Introduced in Senate · Jan 30, 2025
Stopping Tariffs on Allies and Bolstering Legislative Exercise of Trade Policy Act or the STABLE Trade Policy Act
This bill requires the President to receive congressional approval in order to proclaim or increase the rates of duty (i.e., tariffs) on articles imported into the United States from covered countries. Under the bill, a covered country is (1) a member country of the North Atlantic Treaty Organization (NATO), (2) a country that has been designated as a major non-NATO ally under the Foreign Assistance Act of 1961 (e.g., Australia, Israel, and Japan), or (3) a country that has in effect a free trade agreement with the United States.
Specifically, the President may proclaim a new or additional covered duty (e.g., a duty proclaimed pursuant to Section 232 of the Trade Expansion Act of 1962) on an article imported into the United States from a covered country only if (1) the President submits to Congress a request for authorization to proclaim or increase the duty and the request contains specified information, such as a description of the objective the President seeks to achieve with the action and an assessment of the likely impact on the U.S. economy; and (2) a joint resolution of approval is enacted into law.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: STABLE Trade Policy Act
Also known as: Stopping Tariffs on Allies and Bolstering Legislative Exercise of Trade Policy Act
Latest action (Jan 30, 2025): Read twice and referred to the Committee on Finance.
Policy area: Foreign Trade and International Finance · Origin: Senate · Introduced: Jan 30, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.