To amend the Trade Act of 1974 to provide adjustment assistance to firms adversely affected by reduced exports resulting from tariffs imposed as retaliation for United States tariff increases, and for other purposes.
Assistance for Firms Harmed by Tariffs on Exports Act
This bill provides financial assistance to companies harmed by retaliatory foreign tariffs.
Specifically, it expands the Trade Adjustment Assistance for Firms program, which currently provides such assistance to companies adversely affected by competing imported goods and services.
The bill authorizes companies that have seen a significant decrease in sales of exported goods or services, in whole or in part as a result of tariffs imposed by foreign countries in response to U.S. tariff increases, to petition the Department of Commerce for trade adjustment assistance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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