No Taxation Without Representation Act of 2024

S 5066, the "No Taxation Without Representation Act of 2024," requires the President to obtain explicit congressional approval before imposing new import duties. It mandates that the President first submit a proposal with a rationale to Congress, followed by a joint resolution passed by both chambers to authorize the duty. This applies to duties under major trade laws like the Tariff Act of 1930 and the International Emergency Economic Powers Act, but excludes full import embargoes. The bill directly affects the President’s authority to act unilaterally on trade duties and shifts that power to Congress.