Trade Security Act of 2021 This bill revises provisions related to the adjustment of U.S. imports due to a national security threat. The bill allows Congress to block a presidential import adjustment through a joint resolution. This provision retroactively applies to adjustments made on or after July 1, 2018. However, it shall not apply to specified steel and aluminum import adjustments. The Department of Defense (currently, the Department of Commerce) must investigate the national security threat of a U.S. import, and report to the President the results of that investigation. Commerce must provide recommendations regarding such imports upon request by the President.
Read twice and referred to the Committee on Finance.
Foreign Trade and International Finance
Congressional-executive branch relationsCongressional oversightEnergy storage, supplies, demandGovernment information and archivesGovernment studies and investigationsInfrastructure developmentMilitary procurement, research, weapons developmentMilitary readinessOil and gasPresidents and presidential powers, Vice PresidentsPublic participation and lobbyingTariffsTrade restrictions
Trade Security Act of 2021
USA117th CongressS-746| Senate
| Updated: 3/15/2021
Trade Security Act of 2021 This bill revises provisions related to the adjustment of U.S. imports due to a national security threat. The bill allows Congress to block a presidential import adjustment through a joint resolution. This provision retroactively applies to adjustments made on or after July 1, 2018. However, it shall not apply to specified steel and aluminum import adjustments. The Department of Defense (currently, the Department of Commerce) must investigate the national security threat of a U.S. import, and report to the President the results of that investigation. Commerce must provide recommendations regarding such imports upon request by the President.
Congressional-executive branch relationsCongressional oversightEnergy storage, supplies, demandGovernment information and archivesGovernment studies and investigationsInfrastructure developmentMilitary procurement, research, weapons developmentMilitary readinessOil and gasPresidents and presidential powers, Vice PresidentsPublic participation and lobbyingTariffsTrade restrictions