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

[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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