Assistance for Firms Harmed by Tariffs on Exports Act This bill provides financial assistance to companies harmed by retaliatory foreign tariffs. Specifically, it expands the Trade Adjustment Assistance for Firms program, which currently provides such assistance to companies adversely affected by competing imported goods and services. The bill authorizes companies that have seen a significant decrease in sales of exported goods or services, in whole or in part as a result of tariffs imposed by foreign countries in response to U.S. tariff increases, to petition the Department of Commerce for trade adjustment assistance.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Foreign Trade and International Finance
Competitiveness, trade promotion, trade deficitsTariffsTrade adjustment assistanceTrade agreements and negotiationsTrade restrictionsUnemploymentWar and emergency powers
Assistance for Firms Harmed by Tariffs on Exports Act
USA116th CongressHR-6124| House
| Updated: 3/5/2020
Assistance for Firms Harmed by Tariffs on Exports Act This bill provides financial assistance to companies harmed by retaliatory foreign tariffs. Specifically, it expands the Trade Adjustment Assistance for Firms program, which currently provides such assistance to companies adversely affected by competing imported goods and services. The bill authorizes companies that have seen a significant decrease in sales of exported goods or services, in whole or in part as a result of tariffs imposed by foreign countries in response to U.S. tariff increases, to petition the Department of Commerce for trade adjustment assistance.