H.R. 505

Summary

H.R. 505, to impose additional duties on imports of goods into the United States, was introduced in the House on Jan 16, 2025 by Rep. Jared Golden (D). It was referred to Ways And Means, and last saw action on Jan 16, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 505 has no co-sponsors and has not gone to a roll call.

119 HR 505 IH: To impose additional duties on imports of goods into the United States.
 U.S. House of Representatives
 2025-01-16
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 505  IN THE HOUSE OF REPRESENTATIVES   January 16, 2025   Mr. Golden of Maine  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To impose additional duties on imports of goods into the United States.
1.
Imposition of additional duties on imports of goods into the United States
(a)
In general
The President shall—
(1)
impose a duty on imports of any good into the United States in an amount equal to 10 percent ad valorem of the good for each calendar year beginning on or after the date of the enactment of this Act; and
(2)
for each calendar year beginning after the calendar year referred to in paragraph (1)—
(A)
if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year, increase the duty imposed under paragraph (1) on such good by an additional amount equal to 5 percent ad valorem of the good; or
(B)
if the United States has a balance or surplus in the trade of goods and services generally for the immediately preceding calendar year, decrease the duty imposed under paragraph (1) on such good by an amount equal to 5 percent ad valorem of the good for each calendar year beginning after the calendar year referred to in paragraph (1), except that the duty imposed under paragraph (1) on such good shall not be reduced below $0.
(b)
Duties To be considered additional duties
The duty required by subsection (a) with respect to a good is in addition to any other duty imposed by law with respect to the good.

Tracker

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CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. Jared Golden (D) sponsors H.R. 505 alone.

Jared Golden

Rep. · D–ME-2 · Sponsor

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Committees

H.R. 505 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Jan 16, 2025 · 1,160 Bills

Actions

H.R. 505 has taken 2 actions since Jan 16, 2025.

Votes

H.R. 505 has not gone to a roll call.

Titles

H.R. 505 goes by 2 titles.

• To impose additional duties on imports of goods into the United States. — Official Title as Introduced
• To impose additional duties on imports of goods into the United States. — Display Title

Lobbying

2 clients hired 2 firms and 4 registered lobbyists who named H.R. 505 in 4 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Automotive Industry, Budget/Appropriations, Energy/Nuclear, Taxation/Internal Revenue Code, Trade (domestic/foreign), Trucking/Shipping.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 505 under Foreign Trade and International Finance, one of its 31 policy areas, and gives it 1 legislative subject.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 505’s is Foreign Trade and International Finance.

Legislative Subjects

H.R. 505 carries 1 of CRS’s legislative subject: Tariffs.

Source: congress.gov · legiscan.com