H.R. 6991

119 HR 6991 IH: Fair Trade Act of 2026
 U.S. House of Representatives
 2026-01-08
 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  2d Session  H. R. 6991  IN THE HOUSE OF REPRESENTATIVES   January 8, 2026   Ms. Van Duyne  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To impose additional duties on goods imported into the United States.
1.
Short title
This Act may be cited as the   Fair Trade Act of 2026  .
2.
Imposition of additional duties on goods imported into United States
(a)
In general
With respect to goods imported into the United States, for each calendar year beginning on or after the date of the enactment of this Act, there shall be imposed the following duties:
(1)
10 percent ad valorem of each good imported from a country with which the United States has a trade surplus.
(2)
15 percent ad valorem of each good imported from a country with which the United States has a trade deficit.
(b)
Relation to existing duties
Each duty required under subsection (a) shall be in addition to any other duty imposed by law with respect to the good.
(c)
Reduction of additional duties
(1)
In general
Subject to paragraph (2), the President may reduce the percentage requirement in subsection (a) to an amount greater than zero percent with respect to any good if the President determines that such reduction is in the national interest or national security interest of the United States.
(2)
Congressional consultation
Prior to exercising authority under paragraph (1), the President shall consult with the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate prior to determine whether such exercise of authority is appropriate.