Global Trade Accountability Act of 2023

The Global Trade Accountability Act of 2023 requires the President to seek congressional approval before implementing certain major trade actions, such as tariffs, import restrictions, or other trade barriers. The bill mandates that the President submit detailed reports to Congress about proposed actions, including economic impact analyses, potential retaliation risks, and specific affected products. Congress must then pass a joint resolution approving the action before it can take effect, with limited exceptions for emergencies. The Comptroller General must review proposed actions within 15 days, and the U.S. International Trade Commission must report on economic effects within 12 months. This bill directly affects the President's trade authority, Congress's oversight role, and U.S. businesses and consumers impacted by trade policies.