Reclaim Trade Powers Act

S. 4049 · 119th Congress · Mar 11, 2026 · Lineage

A BILL

To repeal section 122 of the Trade Act of 1974 relating to balance-of-payments authority.

Section 1 Short title

This Act may be cited as the “Reclaim Trade Powers Act”.

Sec. 2 Repeal of balance-of-payments authority

(a)

In general— Section 122 of the Trade Act of 1974 (19 U.S.C. 2132) is repealed.

(b)

Clerical amendment— The table of contents for the Trade Act of 1974 is amended by striking the item relating to section 122.

(c)

Conforming amendment— Section 127(b) of the Trade Act of 1974 (19 U.S.C. 2137(b)) is amended, in the matter preceding subparagraph (A), by striking “(and from any action under section 122(c))”.

Lineage

Mar 11, 2026viewing Introduced in Senate Mr. Kaine (for himself, Mr. Warnock, Mr. Wyden, Mr. King, Mr. Coons, Mr. Welch, Mr. Warner, Mr. Van Hollen, Ms. Klobuchar, Ms. Rosen, Ms. Alsobrooks, Mr. Heinrich, and Mrs. Murray) introduced the following bill; which was read twice and referred to the Committee on Finance

Reclaim Trade Powers Act

Section 1 Short title

Sec. 2 Repeal of balance-of-payments authority

Cite this provision

Incoming references