A joint resolution terminating the national emergency declared to impose global tariffs.
Impact
If enacted, SJR49 would have significant implications for state laws and regulations that interact with federal trade policies. Terminating the national emergency could lead to the lifting of tariffs that have affected various sectors, which could be particularly beneficial for consumers and businesses alike, who have been facing increased prices due to higher costs of imported goods. The bill could help restore normal trade relations, potentially boosting economic growth and consumer confidence as prices stabilize and competition increases.
Summary
SJR49 is a joint resolution aimed at terminating the national emergency declared by the President to impose global tariffs. This resolution, introduced in the Senate, seeks to dismantle the legal framework that allows for the continuation of these tariffs without re-evaluation. Supporters of SJR49 argue that the ongoing tariffs are detrimental to trade and economic relationships on a global scale, advocating for a more balanced and strategic approach to international commerce. By terminating the emergency, the resolution seeks to promote trade stability and potentially foster better diplomatic ties with other nations affected by these tariffs.
Contention
The debate surrounding SJR49 is expected to be contentious, with proponents emphasizing the need for transparent trade practices and arguing that the national emergency was initially unwarranted. Conversely, opponents may contend that the tariffs serve a strategic purpose related to national security and protect certain industries. They may argue that removing such tariffs could weaken the country's bargaining position in international trade discussions and expose domestic markets to unfair competition. This division highlights the broader implications of trade policy and government authority in regulating commerce.
To maintain in effect certain sanctions imposed with respect to Iraq in the event of a termination of the applicable declared national emergency, and for other purposes.
Limiting Emergency Powers Act of 2023 This bill provides that a national emergency declared by the President terminates 30 days after a declaration unless a joint resolution affirming such declaration is enacted. All existing emergency declarations expire after two years unless the President requests a renewal that receives congressional approval.
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Labor Relations Board relating to a "Standard for Determining Joint Employer Status".
National Security Reforms and Accountability Act National Emergencies Reform Act Arms Export Control Reform Act War Powers Resolution Modernization and Accountability Act