Repeals balance-of-payments authority under the Trade Act of 1974.
The Reclaim Trade Powers Act repeals section 122 of the Trade Act of 1974, which pertains to balance-of-payments authority. This change eliminates the authority granted to the President to take trade actions based on balance-of-payments considerations. The bill also makes corresponding amendments to the Trade Act of 1974 to reflect this repeal.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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