CONGRESS FOR VOTERS

Timothy Kaine (D-VA)

Reclaim Trade Powers Act

S. 4049 · Senate bill Foreign Trade and International Finance

A Democratic bill with 14 Democratic cosponsors · See all 15 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is called the Reclaim Trade Powers Act and was introduced in the Senate on March 11, 2026. The main purpose of the bill is to repeal section 122 of the Trade Act of 1974. Section 122 relates to balance-of-payments authority. The bill also makes a clerical amendment to the table of contents of the Trade Act of 1974. Additionally, it makes a conforming amendment to section 127(b) of the Trade Act of 1974 to remove reference to actions under section 122(c).