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Politiparty

119th Congress Foreign Trade and International Finance

H.R. 505: To impose additional duties on imports of goods into the United States.

Introduced

  1. Introduced (completed)Jan 16, 2025
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jan 16, 2025

This bill directs the President to impose additional duties (i.e., tariffs) on all imports entering the United States.

Specifically, the President must impose an additional 10% duty on all imports entering the United States.

Additionally, the bill directs the President to increase this duty on imported goods by an additional 5% if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year. If the United States has a balance or surplus in the trade of goods and services, then the President must decrease the duty by 5% (except the imposed duty shall not be reduced below $0).

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

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Other bills by Jared Golden

History

  1. Jan 16, 2025Introduced in the House by Jared Golden.
Show the full action history (2 actions)
  1. Jan 16, 2025Introduced in House
  2. Jan 16, 2025Referred to the House Committee on Ways and Means.