In a key step to strengthen accountability of U.S. trade policy, Senators Chuck Grassley (R-Iowa) and Maria Cantwell (D-Washington) introduced bipartisan legislation requiring Congress to authorize all new tariffs within 60 days of imposition. The proposed legislation seeks to make the administration more accountable and curb executive powers in imposing tariffs without congressional consent.
Key Highlights:
Legislation Overview:
The bill requires that any new tariffs that are imposed by the executive branch will have to get Congressional approval in 60 days. If it does not pass, the tariffs would be automatically repealed.
The bill aims at restoring equilibrium between the legislative branch and the executive branch in developing U.S. trade policy.
Motivation Behind the Bill
The action is in reaction to criticism of the widespread use of tariffs under the International Emergency Economic Powers Act (IEEPA) and other trade statutes, especially during the Trump presidency.
Senators Grassley and Cantwell noted that unchecked tariff power has created economic uncertainty for consumers and businesses, affecting international trade relations.
Quotes from Senators:
Senator Grassley said:
"Congress must have a voice in decisions impacting the American economy and our relationships with trade partners. This bill promotes transparency and accountability."
Senator Cantwell continued:
"Tariffs have significant impacts on industries, workers, and consumers. This legislation is a needed check on executive authority."
Outlook:
It could alter the way U.S. trade policy is enacted if the bill passes, potentially limiting sudden tariff changes and more stable economic conditions.
Conclusion:
The bipartisan legislation shows increasing agreement about the desire for increased Congressional involvement in making trade decisions, heralding the change toward more consensus policymaking.
Sources: Reuters, Politico; April 3, 2025