Bills · HR 3982
IN COMMITTEE· 119TH CONGRESS
House BillHR 3982Foreign Trade and International Finance
To establish a Tariff Response and Damages to Exports fund, and for other purposes.
INTRO JUN 12· LAST ACTION JUN 12
READING
3MIN
COSPONSORS
2BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it establishes a dedicated funding source to help American farmers when global trade policies or disruptions negatively impact their livelihoods. In an environment where international trade disputes can arise quickly and unexpectedly, farmers are often among the first to face financial challenges, whether through loss of access to markets, increased competition, or higher input costs.
If this bill becomes law, it would provide a more direct and potentially faster way for the government to offer financial relief to the agricultural sector during trade-related hardships. Without it, farmers might have to rely on existing aid programs that could be slower or less specifically tailored to trade damage, or they would have to absorb the losses themselves, which could threaten the stability of farms and rural economies across the country.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes the Tariff Response And Damages to Exports Fund (TRADE Fund) within the U.S. Treasury.
This creates a specific account for funds intended to mitigate trade-related harm to the agricultural sector.
PROVISION 02
Authorizes the President to deposit revenues from tariffs on certain imported agricultural goods into the TRADE Fund.
This provides a potential source of funding for the program, directly linking it to trade revenues.
PROVISION 03
Requires the Secretary of Agriculture to use the fund to make payments to agricultural producers affected by export competition, reduced market access, or other trade disruptions.
This defines the specific purpose of the fund and who is eligible to receive assistance.
PROVISION 04
States that funds are available to the Secretary of Agriculture without requiring subsequent annual appropriation from Congress.
This means once money is in the fund, its spending is streamlined, potentially allowing faster response to crises.
PROVISION 05
Includes a sunset provision, terminating the fund's authorities on September 30, 2030.
This sets a clear end date for the program, requiring re-evaluation or new legislation if continued support is desired.
SPONSORSHIP
1 + 2
R· Louisiana
YRS IN OFFICE
5
BILLS LED
20
COSPONSOR BREAKDOWNBIPARTISAN · 100%
DEM 1 REP 1 IND 0
ACTION TIMELINE
2 EVENTSJUN 12
Introduced in House
JUN 12
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.
BILL INFO
TypeHouse Bill
NumberHR 3982
Congress119th
StatusIn Committee
IntroducedJun 12, 2025
Last actionJun 12, 2025
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IN COMMITTEE· 119TH CONGRESS · AGRICULTURE COMMITTEE · INTRODUCED JUN 12, 2025
House BillHR 3982Foreign Trade and International Finance
To establish a Tariff Response and Damages to Exports fund, and for other purposes.
INTRODUCED JUN 12, 2025· LAST ACTION JUN 12, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
2
COMPLEXITY
Moderate
