American Manufacturers over Argentine Bailouts Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5984 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 5984

To direct the Secretary of the Treasury to provide financial relief for 
     small and medium sized manufacturers, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            November 7, 2025

 Ms. Stevens introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To direct the Secretary of the Treasury to provide financial relief for 
     small and medium sized manufacturers, 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. SHORT TITLE.

    This Act may be cited as the ``American Manufacturers over 
Argentine Bailouts Act''.

SEC. 2. PROHIBITION ON USE OF EXCHANGE STABILIZATION FUND FOR 
              ARGENTINA.

    The Secretary, pursuant to the direction of the President, shall 
not provide direct or indirect financial support to the country of 
Argentina under funds designated for such purpose under section 5302 of 
title 31, United States Code.

SEC. 3. SMALL AND MEDIUM SIZED MANUFACTURERS TARIFF RELIEF.

    (a) In General.--Of funds made available to carry out section 5302 
of title 31, United States Code, the Secretary shall establish a 
financial relief program for eligible manufacturers to offset negative 
financial impacts related to any tariffs applied by the President on 
foreign imports between January 20, 2025 to January 20, 2029.
    (b) Disbursement.--
            (1) In general.--The Secretary shall establish an 
        appropriate administrative process for eligible manufacturers 
        to submit an application and to receive financial support 
        described in subsection (a). The Secretary may issue any 
        guidance or regulation necessary to carry out this section.
            (2) Application.--The application submitted by small and 
        medium sized manufacturers required by the Secretary under 
        paragraph (1) shall include--
                    (A) a description of the good produced by the 
                eligible manufacturer in the United States;
                    (B) a description of any foreign imports subject to 
                a tariff that are production inputs of the good 
                described in subparagraph (A); and
                    (C) a description of the negative financial impact 
                experienced by the eligible manufacturer due to any 
                tariff imposed by the President, including any tariff 
                described in subparagraph (B).
            (3) Relief amount.--The Secretary shall provide direct or 
        indirect financial support in an amount equal to the financial 
        harm imposed by any applicable tariff experienced by an 
        eligible manufacturer described in the application submitted 
        pursuant to paragraph (2).
    (c) Authorizations.--To carry out this section, the Secretary is 
authorized to provide no less than $20,000,000,000 in financial 
assistance to eligible manufacturers from any available funds available 
in the stabilization fund described in section 5302 of title 31, United 
States Code.
    (d) Definitions.--
            (1) Eligible manufacturer.--The term ``eligible 
        manufacturer'' means a small and medium sized manufacturer 
        domiciled in the United States that--
                    (A) employs less than 500 individuals;
                    (B) sources at least 50 percent of any steel or 
                aluminum inputs domestically; and
                    (C) does not source any production inputs from a 
                foreign entity of concern.
            (2) Secretary.--The term ``Secretary'' means the Secretary 
        of the Treasury.
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