[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4049 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4049

 To repeal section 122 of the Trade Act of 1974 relating to balance-of-
                          payments authority.


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                   IN THE SENATE OF THE UNITED STATES

                             March 11, 2026

 Mr. Kaine (for himself, Mr. Warnock, Mr. Wyden, Mr. King, Mr. Coons, 
 Mr. Welch, Mr. Warner, Mr. Van Hollen, Ms. Klobuchar, Ms. Rosen, Ms. 
  Alsobrooks, Mr. Heinrich, and Mrs. Murray) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To repeal section 122 of the Trade Act of 1974 relating to balance-of-
                          payments authority.

    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 ``Reclaim Trade Powers Act''.

SEC. 2. REPEAL OF BALANCE-OF-PAYMENTS AUTHORITY.

    (a) In General.--Section 122 of the Trade Act of 1974 (19 U.S.C. 
2132) is repealed.
    (b) Clerical Amendment.--The table of contents for the Trade Act of 
1974 is amended by striking the item relating to section 122.
    (c) Conforming Amendment.--Section 127(b) of the Trade Act of 1974 
(19 U.S.C. 2137(b)) is amended, in the matter preceding subparagraph 
(A), by striking ``(and from any action under section 122(c))''.
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