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To establish a Tariff Response and Damages to Exports fund, and for other purposes.
To establish a Tariff Response and Damages to Exports fund, and for other purposes.
Summary
This bill would establish the Tariff Response And Damages to Exports (TRADE) Fund in the Treasury to compensate agricultural producers affected by trade-related disruptions. The President could deposit tariff revenues collected on imported agricultural products into the fund, which the Secretary of Agriculture would use to make direct payments to producers harmed by reduced export markets, foreign trade barriers, or increased production costs. The Secretary would be required to submit annual reports to Congress documenting the revenues transferred, economic impacts on producers, and the assistance provided. The fund's authority would expire on September 30, 2030, with any unobligated balances rescinded.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Letlow, Julia [R-LA-5] (R-LA)
2 cosponsors
- Rep. Fields, Cleo [D-LA-6] (D-LA)
- Rep. Higgins, Clay [R-LA-3] (R-LA)
Money behind the sponsor
Top reported contributors to Julia Letlow’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $94,850
- MMR GROUP $29,400
- RADIANCE TECHNOLOGIES, INC. $27,300
- CORNERSTONE GOVERNMENT AFFAIRS $27,250
- RADIANCE TECHNOLOGIES $18,750
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Julia Letlow → · Outside spending →
Actions (2)
- Jun 12, 2025 Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. · house
- Jun 12, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
June 12, 2025
Ms. Letlow introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To establish a Tariff Response and Damages to Exports fund, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. TARIFF RESPONSE AND DAMAGES TO EXPORTS FUND.
(a) In General.—There is established in the general fund of the Treasury a fund to be known as the “Tariff Response And Damages to Exports Fund” or the “TRADE Fund”. Amounts made available to such fund pursuant to subsection (b) shall be made available without subsequent appropriation or fiscal year limitation to the Secretary of Agriculture for the purposes described in subsection (c).
(b) Tariff Revenues.—The President may deposit into the TRADE Fund any revenues collected in the form of duties imposed on the importation of articles classified under any of chapters 1 through 24 of the Harmonized Tariff Schedule of the United States.
(c) Use of Funds.—The Secretary of Agriculture shall use any amounts deposited in the TRADE Fund to make payments to persons the Secretary determines are agricultural producers that have been affected by export competition, reduction in access to foreign markets, or other trade-related market disruptions, including losses the Secretary determines are due to—
(1) decreased exports;
(2) tariff or non-tariff barriers imposed by foreign countries; or
(3) increases in the costs of items and goods necessary for the production of agricultural commodities and livestock.
(d) Reporting.—
(1) In general.—Not later than 60 days after the end of each fiscal year in which a direct payment is made under this section, the Secretary of Agriculture shall submit to the appropriate congressional committees a report detailing—
(A) the total revenues transferred into the TRADE Fund during such preceding fiscal year;
(B) the economic impacts, as determined by the Secretary for purposes of the authority provided by subsection (c), of export competition, reduction in access to foreign markets, or other trade-related market disruptions on affected agricultural producers during such fiscal year; and
(C) a summary of assistance provided to such producers pursuant to subsection (c).
(2) Appropriate congressional committees defined.—For purposes of this subsection, the term “appropriate congressional committees” means—
(A) the Committee on Agriculture and the Committee on Appropriations of the House of Representatives; and
(B) the Committee on Agriculture, Nutrition, and Forestry and the Committee on Appropriations of the Senate.
(e) Sunset.—The authorities provided by this section shall terminate on September 30, 2030, and the unobligated balances of all amounts available in the TRADE Fund as of such date shall be permanently rescinded. <all>
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