Summary

This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.

Summary written by the Congressional Research Service, Library of Congress. Heard is not affiliated with it. Written at: Introduced in Senate, 3/11/2026.

No roll-call votes recorded for this bill yet.