I 
119TH CONGRESS 
1ST SESSION H. R. 5984 
To direct the Secretary of the Treasury to provide financial relief for small 
and medium sized manufacturers, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 7, 2025 
Ms. STEVENS introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To direct the Secretary of the Treasury to provide financial 
relief for small and medium sized manufacturers, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘American Manufactur-
ers over Argentine Bailouts Act’’. 
SEC. 2. PROHIBITION ON USE OF EXCHANGE STABILIZA-
TION FUND FOR ARGENTINA. 
The Secretary, pursuant to the direction of the Presi-
dent, shall not provide direct or indirect financial support 
to the country of Argentina under funds designated for 
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such purpose under section 5302 of title 31, United States 
Code. 
SEC. 3. SMALL AND MEDIUM SIZED MANUFACTURERS TAR-
IFF RELIEF. 
(a) IN GENERAL.—Of funds made available to carry 
out section 5302 of title 31, United States Code, the Sec-
retary shall establish a financial relief program for eligible 
manufacturers to offset negative financial impacts related 
to any tariffs applied by the President on foreign imports 
between January 20, 2025 to January 20, 2029. 
(b) DISBURSEMENT.— 
(1) IN GENERAL.—The Secretary shall establish 
an appropriate administrative process for eligible 
manufacturers to submit an application and to re-
ceive financial support described in subsection (a). 
The Secretary may issue any guidance or regulation 
necessary to carry out this section. 
(2) APPLICATION.—The application submitted 
by small and medium sized manufacturers required 
by the Secretary under paragraph (1) shall in-
clude— 
(A) a description of the good produced by 
the eligible manufacturer in the United States; 
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(B) a description of any foreign imports 
subject to a tariff that are production inputs of 
the good described in subparagraph (A); and 
(C) a description of the negative financial 
impact experienced by the eligible manufacturer 
due to any tariff imposed by the President, in-
cluding any tariff described in subparagraph 
(B). 
(3) RELIEF AMOUNT.—The Secretary shall pro-
vide direct or indirect financial support in an 
amount equal to the financial harm imposed by any 
applicable tariff experienced by an eligible manufac-
turer described in the application submitted pursu-
ant to paragraph (2). 
(c) AUTHORIZATIONS.—To carry out this section, the 
Secretary is authorized to provide no less than 
$20,000,000,000 in financial assistance to eligible manu-
facturers from any available funds available in the sta-
bilization fund described in section 5302 of title 31, 
United States Code. 
(d) DEFINITIONS.— 
(1) ELIGIBLE MANUFACTURER.—The term ‘‘eli-
gible manufacturer’’ means a small and medium 
sized manufacturer domiciled in the United States 
that— 
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(A) employs less than 500 individuals; 
(B) sources at least 50 percent of any steel 
or aluminum inputs domestically; and 
(C) does not source any production inputs 
from a foreign entity of concern. 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
Æ 
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