Bills · HR 3292
IN COMMITTEE· 119TH CONGRESS
House BillHR 3292Foreign Trade and International Finance
REPORT Act
INTRO MAY 8· LAST ACTION MAY 8
READING
1MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it would increase transparency around the President's decisions to change tariffs, especially those made quickly or at his discretion. Currently, these changes can sometimes happen with little public explanation. If this bill became law, businesses and the public would get a detailed reason *before* a tariff change takes effect, helping them understand potential impacts on prices or supply chains.
It also strengthens checks and balances by requiring the executive branch to explain its trade actions directly to Congress. Without this bill, the President could make significant tariff adjustments without a mandated public explanation or a timely briefing to key lawmakers, potentially leading to less informed public discourse and less oversight on trade policy.
KEY PROVISIONS
4AI-extractedPROVISION 01
The President must publish a detailed public justification for any emergency or discretionary tariff increase or decrease.
This increases transparency regarding significant trade policy changes made by the executive branch.
PROVISION 02
This public justification must be published in the Federal Register at least 48 hours before the tariff change takes effect.
This provides advance notice to businesses and the public, allowing them to prepare for potential economic impacts.
PROVISION 03
The United States Trade Representative must brief the House Ways and Means Committee and the Senate Finance Committee on such tariff determinations.
This enhances Congressional oversight and ensures lawmakers are informed about crucial trade decisions.
PROVISION 04
This briefing must occur not later than 7 days after the President makes the decision to modify a duty.
This ensures timely communication with Congress about important economic policy changes.
SPONSORSHIP
1 + 2
R· California
YRS IN OFFICE
5
BILLS LED
54
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
2 EVENTSMAY 8
Introduced in House
MAY 8
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 3292
Congress119th
StatusIn Committee
IntroducedMay 8, 2025
Last actionMay 8, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED MAY 8, 2025
House BillHR 3292Foreign Trade and International Finance
REPORT Act
INTRODUCED MAY 8, 2025· LAST ACTION MAY 8, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
2
COMPLEXITY
Moderate
