Tennessee HJR1073 resolves that tariffs deemed invalid under the International Emergency Powers Act should not be retained by the federal government.

Tennessee HJR1073 addresses the economic impact of tariffs ruled invalid by the U.S. Supreme Court under the International Emergency Powers Act. The resolution highlights significant monetary losses for Tennessee businesses, farmers, and consumers due to these tariffs. It emphasizes that the federal government should not retain funds collected from these invalid tariffs, considering it an illegal exaction. The bill underscores the substantial financial burden on Tennessee, including a $3.5 billion loss and a 7.8 percent decline in agricultural exports.

Tennessee HJR1073 resolves that tariffs deemed invalid under the International Emergency Powers Act should not be retained by the federal government.

Tennessee HJR1073 addresses the economic impact of tariffs ruled invalid by the U.S. Supreme Court under the International Emergency Powers Act. The resolution highlights significant monetary losses for Tennessee businesses, farmers, and consumers due to these tariffs. It emphasizes that the federal government should not retain funds collected from these invalid tariffs, considering it an illegal exaction. The bill underscores the substantial financial burden on Tennessee, including a $3.5 billion loss and a 7.8 percent decline in agricultural exports.