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American Manufacturers over Argentine Bailouts Act

USA119th CongressHR-5984| House 
| Updated: 11/7/2025
Haley M. Stevens

Haley M. Stevens

Democratic Representative

Michigan

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation, known as the "American Manufacturers over Argentine Bailouts Act," mandates that the Secretary of the Treasury refrain from providing direct or indirect financial support to Argentina using funds from the Exchange Stabilization Fund. Instead, it redirects these funds to support domestic industries, prioritizing American manufacturing over foreign bailouts. The bill establishes a significant financial relief program for eligible small and medium-sized manufacturers , authorizing no less than $20,000,000,000 from the Exchange Stabilization Fund. This program is designed to offset negative financial impacts experienced by these manufacturers due to tariffs imposed by the President on foreign imports between January 20, 2025, and January 20, 2029. Eligible manufacturers must employ fewer than 500 individuals, source at least 50 percent of their steel or aluminum domestically, and avoid sourcing production inputs from foreign entities of concern.
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Timeline
Nov 7, 2025
Introduced in House
Nov 7, 2025
Referred to the House Committee on Financial Services.
  • November 7, 2025
    Introduced in House


  • November 7, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

American Manufacturers over Argentine Bailouts Act

USA119th CongressHR-5984| House 
| Updated: 11/7/2025
This legislation, known as the "American Manufacturers over Argentine Bailouts Act," mandates that the Secretary of the Treasury refrain from providing direct or indirect financial support to Argentina using funds from the Exchange Stabilization Fund. Instead, it redirects these funds to support domestic industries, prioritizing American manufacturing over foreign bailouts. The bill establishes a significant financial relief program for eligible small and medium-sized manufacturers , authorizing no less than $20,000,000,000 from the Exchange Stabilization Fund. This program is designed to offset negative financial impacts experienced by these manufacturers due to tariffs imposed by the President on foreign imports between January 20, 2025, and January 20, 2029. Eligible manufacturers must employ fewer than 500 individuals, source at least 50 percent of their steel or aluminum domestically, and avoid sourcing production inputs from foreign entities of concern.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 7, 2025
Introduced in House
Nov 7, 2025
Referred to the House Committee on Financial Services.
  • November 7, 2025
    Introduced in House


  • November 7, 2025
    Referred to the House Committee on Financial Services.
Haley M. Stevens

Haley M. Stevens

Democratic Representative

Michigan

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted