Bill > HR3982

This bill establishes the Tariff Response and Damages to Exports (TRADE) Fund, a new financial mechanism within the U.S. Treasury that allows the President to deposit revenues from import duties on agricultural products (specifically from Chapters 1-24 of the Harmonized Tariff Schedule) into a special fund. The Secretary of Agriculture would then be authorized to use these funds to provide financial assistance to agricultural producers who have been negatively impacted by trade-related challenges, such as decreased exports, foreign tariff or non-tariff barriers, or increased production costs. The bill requires the Secretary to submit an annual report to key congressional agriculture and appropriations committees detailing the fund's revenues, economic impacts on agricultural producers, and the assistance provided. The fund and its associated authorities will remain in effect until September 30, 2030, after which any remaining unobligated balances will be permanently rescinded. This legislation aims to provide a flexible financial tool to support U.S. agricultural producers during periods of trade disruption and market challenges.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3982/all-info