119th Congress · introduced in the House · Jun 12, 2025
To establish a Tariff Response and Damages to Exports fund, and for other purposes.
Official title from Congress.gov
Latest action (Jun 12, 2025): Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
View on Congress.govPolicy area: Foreign Trade and International Finance
Congressional Research Service summary, version: Introduced in House (Jun 12, 2025)
This bill establishes the Tariff Response And Damages to Exports Fund within the Treasury, authorizes certain revenues collected from duties (e.g., tariffs) on certain agricultural products to be deposited into the fund, and requires the Department of Agriculture (USDA) to use the fund to make payments to agricultural producers affected by trade-related market disruptions.
Specifically, the bill authorizes the President to deposit into this fund any revenues collected from duties on imported products that are classified under Chapters 1-24 of the Harmonized Tariff Schedule of the United States (which includes, among other products, live animals, animal and vegetable products, seafood, prepared foodstuffs, and beverages).
USDA must use any amounts deposited into the fund to make payments to agricultural producers that have been affected by trade-related marketed disruptions, including losses USDA determines are due to (1) decreased exports, (2) tariff or non-tariff barriers imposed by foreign countries, or (3) increases in the costs of items and goods necessary for the production of agricultural commodities and livestock.
USDA must annually report to Congress on the total revenues transferred into the fund, the economic impacts on affected agricultural producers, and a summary of assistance provided to these agricultural producers.
The authorities provided by the bill terminate on September 30, 2030, and the bill permanently rescinds the unobligated balances of all amounts available in the fund as of this date.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
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