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S. 2551: Tariff Rebate Act

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About the bill

Where should the money collected from tariffs on China and others go: to the Treasury’s general fund, or back to individual taxpayers?

Context

President Trump has instituted tariffs on hundreds of billions worth of foreign goods, especially from China. That means that when American individuals or companies import from China, they have to pay that tariff.

Currently, the extra money American individuals or companies pay when importing such surcharged goods goes into the Treasury Department’s general fund, where almost all taxes and revenue go, to pay for government ...

Sponsor and status

Tom Cotton

Sponsor. Junior Senator for Arkansas. Republican.

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Last Updated: Sep 26, 2019
Length: 7 pages
Introduced
Sep 26, 2019
Status

Introduced on Sep 26, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on September 26, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
1% chance of being enacted according to Skopos Labs (details)
Source

History

Sep 26, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 2551 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 2551 — 116th Congress: Tariff Rebate Act.” www.GovTrack.us. 2019. December 7, 2019 <https://www.govtrack.us/congress/bills/116/s2551>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.