119th Congress Foreign Trade and International Finance
H.R. 3982: To establish a Tariff Response and Damages to Exports fund, and for other purposes.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
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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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Cleo Fields D-LA
- Clay Higgins R-LA
Who scored on this bill
- 1Julia Letlow SponsorIntroduced, drew cross-party cosponsors2 events+6
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Other bills by Julia Letlow
History
- Introduced in the House by Julia Letlow.
Show the full action history (2 actions)
- Introduced in House
- 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.