0
0
0
To impose additional duties on imports of goods into the United States.
2/13/2025, 5:18 AM
Summary of Bill HR 505
Bill 119 HR 505, also known as the "Import Duties Act," aims to impose additional duties on imports of goods into the United States. The bill was introduced in the House of Representatives and is currently under consideration by the Ways and Means Committee.
If passed, this legislation would require importers to pay higher duties on certain goods entering the country. The goal of the bill is to protect American industries from unfair competition and to promote domestic manufacturing.
Supporters of the bill argue that imposing additional duties on imports will help level the playing field for American businesses and create more jobs in the United States. They believe that this measure will also help reduce the trade deficit and strengthen the economy. Opponents of the bill, however, argue that it could lead to higher prices for consumers and hurt international trade relations. They believe that imposing additional duties on imports could spark retaliatory measures from other countries, leading to a trade war that could harm the global economy. Overall, Bill 119 HR 505 is a controversial piece of legislation that has sparked debate among lawmakers and stakeholders. Its fate remains uncertain as it continues to make its way through the legislative process.
If passed, this legislation would require importers to pay higher duties on certain goods entering the country. The goal of the bill is to protect American industries from unfair competition and to promote domestic manufacturing.
Supporters of the bill argue that imposing additional duties on imports will help level the playing field for American businesses and create more jobs in the United States. They believe that this measure will also help reduce the trade deficit and strengthen the economy. Opponents of the bill, however, argue that it could lead to higher prices for consumers and hurt international trade relations. They believe that imposing additional duties on imports could spark retaliatory measures from other countries, leading to a trade war that could harm the global economy. Overall, Bill 119 HR 505 is a controversial piece of legislation that has sparked debate among lawmakers and stakeholders. Its fate remains uncertain as it continues to make its way through the legislative process.
Congressional Summary of HR 505
This bill directs the President to impose additional duties (i.e., tariffs) on all imports entering the United States.
Specifically, the President must impose an additional 10% duty on all imports entering the United States.
Additionally, the bill directs the President to increase this duty on imported goods by an additional 5% if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year. If the United States has a balance or surplus in the trade of goods and services, then the President must decrease the duty by 5% (except the imposed duty shall not be reduced below $0).
Read the Full Bill
Current Status of Bill HR 505
Bill HR 505 is currently in the status of Bill Introduced since January 16, 2025. Bill HR 505 was introduced during Congress 119 and was introduced to the House on January 16, 2025. Bill HR 505's most recent activity was Referred to the House Committee on Ways and Means. as of January 16, 2025
Bipartisan Support of Bill HR 505
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 505
Primary Policy Focus
Alternate Title(s) of Bill HR 505
To impose additional duties on imports of goods into the United States.
To impose additional duties on imports of goods into the United States.
Comments
Sponsors and Cosponsors of HR 505
Latest Bills
To amend title III of the Public Health Service Act to ensure that Federally-qualified health centers are not required to pay more than the 340B ceiling price for covered outpatient drugs at the time of purchase.
Bill HR 7391February 11, 2026
To amend the Consolidated Farm and Rural Development Act to reauthorize certain water infrastructure grants, and for other purposes.
Bill HR 7476February 11, 2026
To direct the Administrator of the Federal Emergency Management Agency to submit a monthly report on the status of all projects and activities funded through the Disaster Relief Fund, and for other purposes.
Bill HR 7461February 11, 2026
Electing a Member to a certain standing committee of the House of Representatives.
Bill HRES 1048February 11, 2026
To amend the Internal Revenue Code of 1986 to allow certain distributions from long-term qualified tuition programs for first home purchases, and for other purposes.
Bill HR 7468February 11, 2026
To authorize civil actions against institutions of higher education and athletic associations that negligently or recklessly permit a biologically male student athlete to compete in an athletic competition intended exclusively for female student athletes, resulting in harm.
Bill HR 7368February 11, 2026
ROUTE Act
Bill HR 6642February 11, 2026
To amend section 477 of the Social Security Act to increase the maximum education and training voucher amount and provide greater support for foster youth pursuing postsecondary education.
Bill HR 7463February 11, 2026
Recognizing the cultural and historical significance of Mardi Gras and the celebration's origins in Mobile, Alabama.
Bill HRES 1051February 11, 2026
Home School Graduation Recognition Act
Bill HR 6392February 11, 2026