To establish a Tariff Response and Damages to Exports fund, and for other purposes.
HR 3982 establishes the "Tariff Response and Damages to Exports Fund" (TRADE Fund) in the Treasury, funded by tariff revenues from imported goods in specific tariff categories. The fund provides direct payments to U.S. agricultural producers affected by export declines, foreign trade barriers, or increased production costs due to trade disruptions. Payments are made by the Secretary of Agriculture based on documented impacts, with annual reports to Congress detailing fund usage and economic effects. The program expires on September 30, 2030, with unspent funds permanently rescinded.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
President
Introduced Jun 12, 2025
Last action Jun 12, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 12, 2025
Committee
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.
lower
Jun 12, 2025
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Julia Letlow
RRepublican
Co
Clay Higgins
RRepublican
Co
Cleo Fields
DDemocratic
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