A bill to amend the Trade Expansion Act of 1962 to require Congressional approval before the President adjusts imports that are determined to threaten to impair national security.
The source supplies the latest action, but no lifecycle stage.
Latest action (6 Jun 2018): Read twice and referred to the Committee on Finance.
What this bill does
This bill, S. 3013, would amend a 1962 law concerning trade. Specifically, it would require that any presidential decision to adjust imports that are determined to threaten national security must first receive approval from Congress. This approval would take the form of a joint resolution passed by both the House of Representatives and the Senate. The bill outlines a process for congressional review, including specific timeframes and procedures for introducing and considering such resolutions in both chambers.
The bill affects the President's authority regarding trade adjustments deemed a national security risk and the process by which Congress would review and potentially approve these actions. It also includes provisions for the effective date and potential retroactive adjustments to duty rates for certain entries of goods.
S. 3013 was introduced in the Senate in the 115th Congress on June 6, 2018. It was referred to the Committee on Finance. According to the provided information, the bill was introduced in a previous session of Congress and did not receive a vote. As it was introduced in a past Congress, it would need to be reintroduced in the current Congress to advance.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill amends the Trade Expansion Act of 1962 to require congressional approval for a presidential adjustment of an import due to a national security threat. Specifically, the bill requires the President to submit a proposal to Congress, which Congress may approve by a joint resolution. Under current law, the President determines whether any adjustment of an import is necessary, and must submit to Congress the reasons for any action taken or not taken.
The bill retroactively applies to any proposed action made two years before enactment of this bill. In general, any rate of duty modification occurring in the time period two years before enactment of this bill and the date before enactment of this bill must revert to the previous rate.
Timeline
6 Jun 2018
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 3013 do?
- This bill, S. 3013, would amend a 1962 law concerning trade. Specifically, it would require that any presidential decision to adjust imports that are determined to threaten national security must first receive approval from Congress. This approval would take the form of a joint resolution passed by both the House of Representatives and the Senate. The bill outlines a process for congressional review, including specific timeframes and procedures for introducing and considering such resolutions in both chambers. The bill affects the President's authority regarding trade adjustments deemed a national security risk and the process by which Congress would review and potentially approve these actions. It also includes provisions for the effective date and potential retroactive adjustments to duty rates for certain entries of goods. S. 3013 was introduced in the Senate in the 115th Congress on June 6, 2018. It was referred to the Committee on Finance. According to the provided information, the bill was introduced in a previous session of Congress and did not receive a vote. As it was introduced in a past Congress, it would need to be reintroduced in the current Congress to advance.
- Has S. 3013 become law?
- The source does not supply a confirmed lifecycle stage for S. 3013. Check the latest action and official source below.
- Who sponsored S. 3013?
- S. 3013 was sponsored by Sen. Corker, Bob [R-TN] (R-TN), with 16 cosponsors.
- What's the latest action on S. 3013?
- Read twice and referred to the Committee on Finance. (6 Jun 2018).
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