American Manufacturers over Argentine Bailouts Act

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.