H.R. 505 (119th)Bill Overview

To impose additional duties on imports of goods into the United States.

Foreign Trade and International Finance|Foreign Trade and International FinanceTariffs
Cosponsors
Support
Democratic
Introduced
Jan 16, 2025
Discussions
Bill Text
Current stageCommittee

Referred to the House Committee on Ways and Means.

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Plain-English summaryWhat this bill actually does

The bill requires the President to impose a 10% ad valorem duty on all imported goods beginning the calendar year after enactment. Each subsequent year the duty is increased by 5 percentage points if the United States ran a trade deficit the prior year, or decreased by 5 percentage points if the United States ran a trade balance or surplus, but not below zero.

Why people may split

Progressives see worker protection potential; conservatives see harmful protectionism

Watch point

Relative to its intended legislative type, this bill specifies a clear, simple rate formula for additional import duties but provides limited supporting detail for implementation, fiscal implications, integration with existing trade law, mitigation of edge cases, or accountability mechanisms.

The bill requires the President to impose a 10% ad valorem duty on all imported goods beginning the calendar year after enactment.

Each subsequent year the duty is increased by 5 percentage points if the United States ran a trade deficit the prior year, or decreased by 5 percentage points if the United States ran a trade balance or surplus, but not below zero.

These duties are explicitly additional to any existing duties imposed by law.

Passage18/100

Sweeping, high-impact trade mandate with few compromise features and substantial economic and diplomatic risks.

CredibilityMisaligned

Relative to its intended legislative type, this bill specifies a clear, simple rate formula for additional import duties but provides limited supporting detail for implementation, fiscal implications, integration with existing trade law, mitigation of edge cases, or accountability mechanisms.

Contention70/100

Progressives see worker protection potential; conservatives see harmful protectionism

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
Federal agenciesConsumers

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • Federal agenciesRaises federal customs revenue from import collections.
  • Potential benefitProvides price advantage to some domestic producers competing with imports.
  • Potential benefitCreates an ongoing incentive to source production domestically or reshore supply chains.
Likely burdened
  • ConsumersLikely raises consumer prices for imported goods and goods using imported inputs.
  • Potential burdenIncreases production costs for firms using imported intermediate and capital goods.
  • Potential burdenMay provoke retaliatory tariffs or trade disputes harming U.S. exporters.
03 · Why people split

Why the argument around this bill splits.

Progressives see worker protection potential; conservatives see harmful protectionism
Progressive70%

Likely generally favorable because the measure aims to protect U.S. manufacturing and workers by raising import costs.

Would be concerned that the bill is a blunt, regressive instrument, lacks direction for revenue, and could provoke retaliation or harm low-income consumers.

Leans supportive
Centrist50%

Cautious and mixed: recognizes goals of addressing trade deficits and supporting domestic industry, but views the across-the-board, administratively adjustable tariff as economically blunt.

Would want targeted analysis, safeguards, and international coordination before support.

Split reaction
Conservative15%

Generally opposed: views the bill as protectionist, inflationary, and an undue expansion of federal power over trade.

Prefers targeted measures against unfair practices, not a universal tariff mechanism tied to the trade balance.

Likely resistant
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood18/100

Sweeping, high-impact trade mandate with few compromise features and substantial economic and diplomatic risks.

Scope and complexity
86%
Scopesweeping
52%
Complexitymedium
Why this could stall
  • No cost estimate or economic impact analysis in text
  • Potential WTO or trade-retaliation legal exposure
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

Progressives see worker protection potential; conservatives see harmful protectionism

Sweeping, high-impact trade mandate with few compromise features and substantial economic and diplomatic risks.

Unlocked analysis

Relative to its intended legislative type, this bill specifies a clear, simple rate formula for additional import duties but provides limited supporting detail for implementation, fiscal implications, integration with e…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

Perspective breakdownsPassage barriersLegislative design reviewStakeholder impact map
Open full analysis