119-hr3982

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3982 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 3982

 To establish a Tariff Response and Damages to Exports fund, and for 
 other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 June 12, 2025

 Ms. Letlow introduced the following bill; which was 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

_______________________________________________________________________

 A BILL

 To establish a Tariff Response and Damages to Exports fund, and for 
 other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TARIFF RESPONSE AND DAMAGES TO EXPORTS FUND.

    (a) In General.--There is established in the general fund of the 
Treasury a fund to be known as the ``Tariff Response And Damages to 
Exports Fund'' or the ``TRADE Fund''. Amounts made available to such 
fund pursuant to subsection

    (b) shall be made available without 
subsequent appropriation or fiscal year limitation to the Secretary of 
Agriculture for the purposes described in subsection
            (c) .

    (b) Tariff Revenues.--The President may deposit into the TRADE Fund 
any revenues collected in the form of duties imposed on the importation 
of articles classified under any of chapters 1 through 24 of the 
Harmonized Tariff Schedule of the United States.
            (c) Use of Funds.--The Secretary of Agriculture shall use any 
amounts deposited in the TRADE Fund to make payments to persons the 
Secretary determines are agricultural producers that have been affected 
by export competition, reduction in access to foreign markets, or other 
trade-related market disruptions, including losses the Secretary 
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.
            (d) Reporting.--

    (1) In general.--Not later than 60 days after the end of 
 each fiscal year in which a direct payment is made under this 
 section, the Secretary of Agriculture shall submit to the 
 appropriate congressional committees a report detailing--
        (A) the total revenues transferred into the TRADE 
 Fund during such preceding fiscal year;
        (B) the economic impacts, as determined by the 
 Secretary for purposes of the authority provided by 
 subsection
            (c) , of export competition, reduction in 
 access to foreign markets, or other trade-related 
 market disruptions on affected agricultural producers 
 during such fiscal year; and
            (C) a summary of assistance provided to such 
 producers pursuant to subsection
            (c) .

    (2) Appropriate congressional committees defined.--For 
 purposes of this subsection, the term ``appropriate 
 congressional committees'' means--
        (A) the Committee on Agriculture and the Committee 
 on Appropriations of the House of Representatives; and
        (B) the Committee on Agriculture, Nutrition, and 
 Forestry and the Committee on Appropriations of the 
 Senate.

    (e) Sunset.--The authorities provided by this section shall 
terminate on September 30, 2030, and the unobligated balances of all 
amounts available in the TRADE Fund as of such date shall be 
permanently rescinded.
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