S1886Referred to Committee

ANTE Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-22
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Jim Banks
Jim Banks
Republican · IN · Senator
Votes with party: 76.5% (879 recorded votes)

Full profile: /officials/B001299

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2025-05-22

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

Axing Nonmarket Tariff Evasion Act or the ANTE Act This bill authorizes the Office of the U.S. Trade Representative (USTR) to investigate and take remedial action against covered entities that evade or attempt to evade duties (i.e., tariffs) that were imposed on nonmarket economy countries (e.g., China) by investing in other countries. Under the bill, a covered entity (e.g., business) (1) is owned, controlled, subject to the jurisdiction or direction of, or operated by a nonmarket economy country; and (2) includes an entity for which, on any date during the most recent 12-month period, at least 25% of the equity interests in such entity were held directly or indirectly by one or more entities organized under the laws of a nonmarket economy country. Currently, Section 301 of the Trade Act of 1974 allows the USTR to impose tariffs in response to actions by foreign countries that violate U.S. rights under international trade agreements or that burden or restrict U.S. commerce in unjustifiable, unreasonable, or discriminatory ways. In 2018, for example, the USTR used Section 301 to impose tariffs on many imports from China. This bill allows the USTR to investigate whether a covered entity is establishing or has established investments (e.g., manufacturing operations) in another country that is not subject to Section 301 tariffs in order to evade those tariffs. Upon an affirmative determination, the USTR may impose certain remedial measures, such as imposing a tariff equivalent to the original tariff on goods associated with the nonmarket economy country.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Foreign Trade and International Finance
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Related legislation

Bills by the same sponsor or covering overlapping subjects.