S. 4049: Reclaim Trade Powers Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2026-03-11 |
| Sponsor | Sen. Kaine, Tim [D-VA] |
| Policy area | Foreign Trade and International Finance |
| Cosponsors | 15 |
| Latest action | 2026-03-11 — Read twice and referred to the Committee on Finance. |
| Last updated | 2026-03-24 |
Summary
Official summary (Introduced in Senate, 2026-03-11):
Reclaim Trade Powers Act
This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.
Cosponsors (15)
| Name | Party / state |
|---|---|
| Raphael G. Warnock | D GA (original cosponsor) 2026-03-11 |
| Ron Wyden | D OR (original cosponsor) 2026-03-11 |
| Angus S. King, Jr. | I ME (original cosponsor) 2026-03-11 |
| Christopher A. Coons | D DE (original cosponsor) 2026-03-11 |
| Peter Welch | D VT (original cosponsor) 2026-03-11 |
| Mark R. Warner | D VA (original cosponsor) 2026-03-11 |
| Chris Van Hollen | D MD (original cosponsor) 2026-03-11 |
| Amy Klobuchar | D MN (original cosponsor) 2026-03-11 |
| Jacky Rosen | D NV (original cosponsor) 2026-03-11 |
| Angela D. Alsobrooks | D MD (original cosponsor) 2026-03-11 |
| Martin Heinrich | D NM (original cosponsor) 2026-03-11 |
| Patty Murray | D WA (original cosponsor) 2026-03-11 |
| Richard J. Durbin | D IL 2026-03-12 |
| Adam B. Schiff | D CA 2026-03-17 |
| Jeanne Shaheen | D NH 2026-03-17 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 4049 are published by Congress on congress.gov.
View S. 4049 on congress.gov →
Frequently asked questions
What is S. 4049?
S. 4049 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Reclaim Trade Powers Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 4049 are available on congress.gov.
Bill data: congress.gov API (official congressional records).