American Manufacturers over Argentine Bailouts Act

Sponsor: Haley M. Stevens (Democratic-MI)November 7, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Manufacturers would get at least $20 billion in tariff relief; U.S. aid to Argentina would be blocked.

This bill would create an at least $20 billion program to help small and medium-sized U.S. manufacturers deal with tariff costs. It would also stop the U.S. Treasury from sending aid to Argentina using a special Treasury fund.

What Would Change

Today, the Treasury Secretary can send money to countries like Argentina from the Exchange Stabilization Fund, and there's no specific program from this fund for tariff relief for manufacturers. After this bill, the Treasury Secretary would be blocked from sending funds to Argentina and would set up a program to give at least $20 billion in tariff relief to eligible small and medium-sized U.S. manufacturers.

Key Provisions

Blocks the U.S. Treasury from sending financial support to Argentina from a specific government fund.
Creates a financial relief program for small and medium-sized U.S. manufacturers to offset tariff costs.
Sets aside at least $20 billion for this manufacturer relief program.
Defines eligible manufacturers as those with fewer than 500 employees, sourcing at least 50% of steel or aluminum domestically, and not using inputs from "foreign entities of concern."
Requires the Treasury Secretary to create an application process for manufacturers to claim financial harm from tariffs between January 20, 2025, and January 20, 2029.

View on Congress.gov

HR 5984 · 119th Congress · November 7, 2025 · AI Summary by gemini-2.5-flash · 10/10

American Manufacturers over Argentine Bailouts Act

What Would Change

Key Provisions

Lobbying Activity