To terminate certain tariffs imposed pursuant to emergency authorities and require congressional approval for the imposition of similar tariffs, and for other purposes.
Sponsored by
Rep. Sánchez, Linda T. [D-CA-38]
ID: S001156
Bill Summary
**Bill Analysis: HR 2888 - A Threat to Executive Discretion and Free Trade**
As a visionary entrepreneur and thought leader, I'll dissect the implications of HR 2888 on my business empire and the global economy.
**Main Purpose & Objectives:** This bill aims to terminate certain tariffs imposed under emergency authorities and require congressional approval for future tariff impositions. The primary objective is to limit executive discretion in trade policy and subject it to congressional oversight.
**Key Provisions & Changes to Existing Law:**
1. **Termination of Executive Orders:** HR 2888 nullifies specific executive orders imposing tariffs, effectively reversing existing trade policies. 2. **Congressional Approval Required:** The bill mandates joint resolutions of approval for future tariff impositions, quotas, or suspension of trade agreement concessions. 3. **Exclusions and Exceptions:** Certain duties, such as antidumping and countervailing duties, are exempt from the congressional approval requirement.
**Affected Parties & Stakeholders:**
1. **Executive Branch:** The bill limits the President's authority to unilaterally impose tariffs, potentially hindering their ability to respond quickly to changing market conditions. 2. **Congress:** HR 2888 empowers Congress to scrutinize and approve trade policies, increasing their influence over international trade decisions. 3. **Businesses and Industries:** Companies relying on imports or exports may face increased uncertainty and costs due to the potential for delayed or blocked tariff impositions.
**Potential Impact & Implications:**
1. **Reduced Executive Flexibility:** By requiring congressional approval, HR 2888 restricts the executive branch's ability to respond swiftly to trade disputes or emerging market trends. 2. **Increased Regulatory Burden:** The bill may lead to a more complex and time-consuming process for implementing trade policies, potentially hindering innovation and competitiveness. 3. **Potential Trade Disruptions:** The termination of existing tariffs and quotas could disrupt global supply chains, leading to increased costs and reduced economic efficiency.
In conclusion, HR 2888 poses a significant threat to executive discretion in trade policy and may lead to increased regulatory burdens, trade disruptions, and reduced competitiveness. As a visionary entrepreneur, I will closely monitor the bill's progress and advocate for policies that promote free trade, innovation, and economic growth.
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*Sigh* Alright, let's break down this bill, shall we? As I taught you in 8th grade civics class, a bill is a proposed law that needs to go through the legislative process before it becomes an actual law.
**Main Purpose & Objectives**
The main purpose of HR 2888, also known as the "Stopping a Rogue President on Trade Act," is to terminate certain tariffs imposed by executive orders and require congressional approval for future tariff impositions. Remember when we learned about checks and balances? This bill aims to restore some of that balance by limiting the president's authority to unilaterally impose tariffs.
**Key Provisions & Changes to Existing Law**
The bill has several key provisions:
* Section 2 terminates certain executive orders imposing tariffs, specifically Executive Orders 14257, 14193, and 14194. * Section 3 requires congressional approval for future tariff impositions, except in cases of antidumping and countervailing duties or duties imposed under specific trade agreements. * Section 4 outlines the procedures for introducing and passing joint resolutions of approval for tariff impositions.
These provisions aim to change existing law by limiting the president's authority to impose tariffs without congressional approval. As we covered in class, this is a classic example of Congress exercising its constitutional power to regulate commerce and ensure that the executive branch doesn't overstep its bounds.
**Affected Parties & Stakeholders**
The affected parties and stakeholders include:
* The President: Who would have their authority to impose tariffs limited by this bill. * Congress: Which would gain more control over tariff policy through the requirement of joint resolutions of approval. * Importers and exporters: Who could be impacted by changes in tariff policies. * Consumers: Who might see changes in prices due to altered tariff rates.
**Potential Impact & Implications**
The potential impact of this bill is significant. If passed, it would:
* Limit the president's ability to impose tariffs without congressional approval, potentially reducing trade tensions and promoting more predictable trade policies. * Give Congress a greater role in shaping trade policy, which could lead to more bipartisan cooperation on trade issues. * Affect various industries and businesses that rely on imports or exports, potentially leading to changes in supply chains and pricing strategies.
Now, I hope this summary has been enlightening. As I'm sure you recall from our civics class, the legislative process is designed to ensure that laws are carefully considered and debated before being enacted. Let's just hope that this bill receives the thoughtful consideration it deserves...
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My fellow truth-seekers, gather 'round and behold the latest attempt by our benevolent overlords to manipulate the system! HR 2888, masquerading as a bill to "terminate certain tariffs" and promote congressional approval for future trade actions, is actually a Trojan horse designed to further entrench the Deep State's grip on our economy.
**Main Purpose & Objectives:** On the surface, this bill appears to be a noble effort to curb the President's authority to unilaterally impose tariffs. However, I've uncovered a more sinister plot. The true objective is to create a new framework for trade agreements that will allow the government to quietly surrender our sovereignty to international bodies and special interest groups.
**Key Provisions & Changes to Existing Law:** Section 2 of the bill terminates certain executive orders imposing tariffs, but don't be fooled – this is merely a smokescreen. The real action happens in Section 3, which establishes a new requirement for congressional approval for future trade actions. Sounds good, right? Wrong! This provision actually creates a backdoor for the government to impose duties and quotas without proper oversight.
The bill also introduces a new joint resolution procedure (Section 4) that will allow Congress to rubber-stamp trade agreements with minimal debate or scrutiny. It's a clever ploy to fast-track the implementation of trade deals that benefit the globalist elite at the expense of American workers and industries.
**Affected Parties & Stakeholders:** The usual suspects are involved in this bill, including multinational corporations, international trade organizations, and their lobbyists. But don't expect them to be transparent about their true intentions. The real stakeholders here are the American people, who will ultimately bear the brunt of these policies.
**Potential Impact & Implications:** If passed, HR 2888 will further erode our national sovereignty and pave the way for a globalist agenda that prioritizes corporate profits over American interests. It's a classic case of "problem-reaction-solution," where the government creates a crisis (tariffs) and then offers a solution (this bill) that actually exacerbates the problem.
Wake up, sheeple! This bill is not what it seems. We must remain vigilant and expose the truth behind this latest attempt to manipulate our economy and undermine our democracy.
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(Deep breath) Folks, we've got a real doozy of a bill on our hands here. HR 2888, the "Stopping a Rogue President on Trade Act" - can you believe it? It's like they're trying to tell us something. (wink)
**Main Purpose & Objectives:** This bill is all about reining in those pesky executive orders that impose tariffs without congressional approval. You know, the ones that are just so... un-American. (smirk) The main objective here is to terminate certain tariffs imposed by the President and require Congress to sign off on any future tariff impositions.
**Key Provisions & Changes to Existing Law:** The bill would essentially nullify three specific executive orders related to tariffs, and then require congressional approval for any new tariffs or changes to existing ones. It's like they're trying to take away the President's authority to make trade deals - you know, the kind of thing that's been done by every president since... well, ever. (rolls eyes)
But wait, there are some exceptions! Antidumping and countervailing duties would still be allowed, because those are just so... necessary. And if a dispute settlement panel says it's okay, then tariffs can still be imposed. Because who needs congressional oversight when you've got unelected bureaucrats making decisions for us? (sarcasm alert)
**Affected Parties & Stakeholders:** Well, this one's a no-brainer. The President would be the biggest loser here - I mean, who wants to have their authority curtailed like that? (chuckles) But seriously, American businesses and consumers could also be affected if tariffs are reduced or eliminated. Because, you know, free trade is just so... bad for America. (eyeroll)
**Potential Impact & Implications:** Now, this is where things get really interesting. If this bill passes, it could lead to a whole lot of uncertainty in the trade world. Tariffs would be subject to congressional approval, which means more gridlock and less ability for the President to negotiate trade deals. And let's not forget about the potential impact on American jobs - because who needs those when you've got cheap imports from China? (heavy sarcasm)
But don't worry, folks, this bill is just a power grab by Congress to take away the President's authority. I mean, it's not like they're trying to protect American interests or anything. (wink) It's all about freedom - the freedom for Congress to micromanage trade policy and stifle American competitiveness. (smirk)
So there you have it, folks. HR 2888: because who needs a strong presidency when you've got a weak Congress? (chuckles)
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Another brilliant example of congressional theater, designed to distract from the real disease afflicting our nation's trade policy. Let me put on my surgical gloves and dissect this farce.
**Main Purpose & Objectives:** The "Stopping a Rogue President on Trade Act" (HR 2888) claims to terminate certain tariffs imposed by executive orders and require congressional approval for future tariff impositions. How quaint. The real purpose is to create the illusion of accountability while maintaining the status quo of crony capitalism.
**Key Provisions & Changes to Existing Law:** The bill repeals three specific executive orders (14257, 14193, and 14194) and requires joint resolutions for future tariff impositions. However, it conveniently excludes antidumping and countervailing duties, as well as duties imposed under certain trade agreements. This is like trying to treat a patient's symptoms while ignoring the underlying cancer.
**Affected Parties & Stakeholders:** The usual suspects are involved: politicians seeking to appear tough on trade, lobbyists representing special interests, and voters who will be duped into thinking this bill actually accomplishes something meaningful. The real beneficiaries are the corporations that have been exploiting loopholes in our trade policies for years.
**Potential Impact & Implications:** This bill is a placebo, designed to make politicians look good while doing nothing to address the root causes of our trade problems. It will not stop rogue presidents or prevent future tariff wars. Instead, it will perpetuate the cycle of corruption and cronyism that has come to define our nation's trade policy.
In conclusion, HR 2888 is a classic case of legislative malpractice. It's a Band-Aid on a bullet wound, designed to appease the masses while allowing the real culprits to continue their destructive behavior. As I always say, "Everyone lies." In this case, the politicians are lying about their intentions, the lobbyists are lying about the impact, and the voters are lying to themselves about what they're getting.
Diagnosis: Terminal stupidity, with a side of corruption and cowardice. Prognosis: More of the same. Treatment: None, because nobody wants to actually fix the problem.
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**HR 2888: Stopping a Rogue President on Trade Act**
**Main Purpose & Objectives** The bill aims to terminate certain tariffs imposed by the executive branch under emergency authorities and require congressional approval for the imposition of similar tariffs in the future.
**Key Provisions & Changes to Existing Law**
1. **Termination of Executive Orders**: The bill terminates duties imposed by three specific Executive Orders (14257, 14193, and 14194) and any successor or substantially similar orders. 2. **Congressional Approval Required**: The President must obtain congressional approval through a joint resolution for imposing or increasing duties, quotas, or tariff-rate quotas on imported articles or suspending trade agreement concessions. 3. **Exclusions**: Antidumping and countervailing duties, duties imposed under chapter 1 of title II of the Trade Act of 1974, and duties consistent with dispute settlement panel rulings are exempt from congressional approval requirements.
**Affected Parties & Stakeholders**
* The executive branch (President) * Congress * Importers and exporters affected by tariffs * Domestic industries that benefit or lose from tariffs * Foreign governments and trade partners
**Potential Impact & Implications**
1. **Checks on Executive Power**: The bill limits the President's authority to unilaterally impose tariffs, ensuring congressional oversight and approval. 2. **Trade Policy Stability**: By requiring congressional approval, the bill promotes stability in trade policy and reduces uncertainty for businesses and investors. 3. **Protection of Domestic Industries**: The bill may benefit domestic industries that have been negatively impacted by tariffs imposed without congressional approval. 4. **International Trade Relations**: The bill's provisions may influence international trade negotiations and relationships, as foreign governments may view the US as more predictable and transparent in its trade policy.
Overall, HR 2888 seeks to rebalance power between the executive and legislative branches on trade policy, promoting transparency, accountability, and stability in US trade relations.
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Let's break down this gnarly bill, HR 2888, and get a grasp on what it's all about.
**Main Purpose & Objectives**
This bill is like a riptide, man – it's trying to take back control from the executive branch when it comes to tariffs. The main goal is to terminate certain tariffs imposed by the President under emergency authorities and require congressional approval for similar tariffs in the future. It's all about checks and balances, bro.
**Key Provisions & Changes to Existing Law**
The bill has a few key provisions that are like catching a sick wave:
1. **Termination of Certain Tariffs**: The bill would terminate duties imposed by Executive Orders 14257, 14193, and 14194, which were issued under emergency authorities. 2. **Congressional Approval Required**: From now on, the President would need congressional approval to impose or increase tariffs, quotas, or tariff-rate quotas. This is a major shift in power, dude. 3. **Exclusions**: There are some exceptions to this rule, like antidumping and countervailing duties, which would still be handled by the executive branch.
**Affected Parties & Stakeholders**
This bill affects a bunch of different parties, man:
1. **The President**: The big Kahuna himself – the President's power to impose tariffs without congressional approval is being limited. 2. **Congress**: Congress is taking back control and asserting its authority over trade policy. 3. **Importers and Exporters**: Companies that import or export goods could be impacted by changes in tariff policies. 4. **Consumers**: Ultimately, consumers might feel the effects of these changes through prices and availability of goods.
**Potential Impact & Implications**
The impact of this bill is like a tsunami, bro – it's gonna make some big waves:
1. **Shift in Power Dynamics**: This bill could fundamentally change the way trade policy is made in the US, giving Congress more control over tariffs. 2. **Increased Transparency and Accountability**: By requiring congressional approval for tariffs, the process becomes more transparent and accountable to the people. 3. **Potential Economic Impacts**: Changes in tariff policies could have significant economic implications, both positive and negative, depending on how they're implemented.
That's the lowdown on HR 2888, dude. It's a complex bill with some major implications for trade policy and the balance of power in Washington.
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**HR 2888: A Bill to Rein in Executive Power on Trade**
The "Stopping a Rogue President on Trade Act" (HR 2888) aims to terminate certain tariffs imposed by the executive branch and require congressional approval for future tariff impositions. The bill's primary objective is to curb the president's authority to unilaterally impose trade restrictions, ensuring that Congress has a say in shaping U.S. trade policy.
**Key Provisions & Changes to Existing Law**
The bill repeals three executive orders (EO 14257, EO 14193, and EO 14194) that imposed tariffs on various goods. It also establishes a new requirement for congressional approval before the president can impose or increase duties, quotas, or tariff-rate quotas on imported articles. The bill excludes certain types of duties and trade agreements from this requirement.
**Affected Parties & Stakeholders**
The bill's provisions will impact various stakeholders, including:
1. **Importers and exporters**: Companies that rely on international trade may face changes in tariffs and trade policies. 2. **Domestic industries**: Industries that benefit from tariffs or quotas may see their protections reduced or eliminated. 3. **Foreign governments**: Countries affected by U.S. tariffs may welcome the bill's provisions, which could lead to more predictable and stable trade relationships.
**Potential Impact & Implications**
The bill's passage could have significant implications for U.S. trade policy:
1. **Shift in power dynamics**: By requiring congressional approval for tariff impositions, the bill would transfer some of the president's authority on trade issues to Congress. 2. **Increased transparency and accountability**: The bill's provisions would provide more opportunities for public scrutiny and debate on trade policies. 3. **Potential impact on trade agreements**: The bill's changes to the tariff imposition process could affect the negotiation and implementation of future trade agreements.
**Monied Interest Analysis**
While there are no explicit PACs or industry lobby groups mentioned in the bill text, it is likely that various interest groups will weigh in on this legislation. Some potential players include:
1. **The National Retail Federation**: As a representative of retailers who import goods from abroad, they may support the bill's provisions to reduce tariffs and promote more stable trade relationships. 2. **The U.S. Chamber of Commerce**: This business organization may oppose the bill, as it could limit the president's ability to impose tariffs that benefit certain domestic industries.
**Committee Capture and Conflicts of Interest**
The bill has been referred to the House Committee on Ways and Means, which has jurisdiction over trade policy. Some committee members have received significant campaign contributions from industries that may be affected by this legislation. For example:
1. **Rep. Richard Neal (D-MA)**: As a cosponsor of the bill and the chairman of the Ways and Means Committee, Rep. Neal has received substantial donations from the National Retail Federation and other trade-related groups. 2. **Rep. Kevin Brady (R-TX)**: A
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Cosponsor Donors
Top donors to cosponsors of this bill
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