Restoring Trade Fairness Act This bill establishes various trade measures related to China, including by revoking China's permanent normal trade relations (PNTR) status and increasing the rates of duty (i.e., tariffs) on Chinese imported goods. The bill prohibits imported goods originating from North Korea, China, Russia, or Iran from receiving de minimis treatment. (Current law allows for U.S. imports under a de minimis threshold of $800 per shipment to enter free of tariffs, fees, and taxes.) Specifically, the bill revokes China's PNTR status. Currently, China's PNTR status allows for Chinese goods to have duty rates set forth in column 1 of the Harmonized Tariff Schedule of the United States (HTS). With the removal of China's PNTR status, the bill generally sets the applicable duty rates on imported Chinese goods at the higher rates listed in column 2 of the HTS, with exceptions. The bill establishes a minimum duty rate of 35% for all Chinese goods, which requires column 2 rates to be at least 35%. However, the bill establishes a minimum duty rate of 100% for a list of specified goods (e.g., various minerals, certain vaccines and drugs, and certain defense-related articles). Duty rates are phased in over five years and adjusted annually for inflation. The bill also authorizes the President to take additional actions related to trade with China, requires merchandise imported from China to be appraised based on U.S. value, and establishes a trust fund to compensate U.S. producers for lost revenue resulting from retaliatory actions by China.
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Lobbying filed by NATIONAL TREASURY EMPLOYEES UNION
Val T. Hoyle bought FDX
Lobbying filed by NATIONAL TREASURY EMPLOYEES UNION
Bill introduced
Julie Johnson sold FDX
Robert P. Bresnahan, Jr. sold FDX
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Armed Services, Transportation and Infrastructure, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
| Registrant | Client | Amount | Filed | Period | Issues |
|---|---|---|---|---|---|
| FEDEX CORPORATION | FEDEX CORPORATION | $299.1M | Jul 18, 2025 | 2025Q2 | POSAVITAX |
| FEDEX CORPORATION | FEDEX CORPORATION | $280.0M | Apr 18, 2025 | 2025Q1 | TECGOVTAX |
| NATIONAL TREASURY EMPLOYEES UNION |
Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.
| Member | Party | Ticker | Company | Trade | Date | Amount | Timing | Lobbying Client | Conflict |
|---|---|---|---|---|---|---|---|---|---|
| Julie Johnson | D | FDX | FEDEX CORP | Sell | Apr 1, 2025 | $1,001 - $15,000 | 68d after | FEDEX CORPORATION | 36% |
| Robert P. Bresnahan, Jr. | R | FDX |
3 trades by 3 members of Congress in companies connected to lobbying on HR 694. The average conflict score is 51%.
CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.
Lobbying filed by FEDEX CORPORATION
Lobbying filed by CASE NEW HOLLAND INDUSTRIAL INC
Lobbying filed by FEDEX CORPORATION
| NATIONAL TREASURY EMPLOYEES UNION |
| $34.8M |
| Jan 21, 2025 |
| 2024Q4 |
BUDGOVHCR |
| NATIONAL TREASURY EMPLOYEES UNION | NATIONAL TREASURY EMPLOYEES UNION | $32.0M | Jul 17, 2024 | 2024Q2 | BUDGOVHCR |
| CASE NEW HOLLAND INDUSTRIAL INC. | CASE NEW HOLLAND INDUSTRIAL INC | $31.0M | Apr 21, 2025 | 2025Q1 | CPTIMMAGR |
| CASE NEW HOLLAND INDUSTRIAL INC. | CASE NEW HOLLAND INDUSTRIAL INC | $30.0M | Jul 21, 2025 | 2025Q2 | TECFORLBR |
| NATIONAL TREASURY EMPLOYEES UNION | NATIONAL TREASURY EMPLOYEES UNION | $29.0M | Oct 21, 2024 | 2024Q3 | BUDGOVHCR |
| SAMSUNG SDI AMERICA, INC. | SAMSUNG SDI AMERICA, INC. | $27.0M | Jul 21, 2025 | 2025Q2 | ENGAUTTRD |
| NATIONAL TREASURY EMPLOYEES UNION | NATIONAL TREASURY EMPLOYEES UNION | $27.0M | Apr 22, 2024 | 2024Q1 | BUDGOVHCR |
| SAMSUNG SDI AMERICA, INC. | SAMSUNG SDI AMERICA, INC. | $14.0M | Apr 21, 2025 | 2025Q1 | BUDENGAUT |
| IPOLICY SOLUTIONS | TWIST BIOSCIENCE CORPORATION | $7.5M | Apr 17, 2025 | 2025Q1 | HCRINTCPT |
| IPERIONX CRITICAL MINERALS LLC | IPERIONX CRITICAL MINERALS LLC | $6.0M | Jul 21, 2025 | 2025Q2 | DEFMANNAT |
| IPERIONX CRITICAL MINERALS LLC | IPERIONX CRITICAL MINERALS LLC | $6.0M | Apr 21, 2025 | 2025Q1 | DEFMANNAT |
| THE GARRISON GROUP LLC | SOUTH EAST DAIRY FARMERS ASSOCIATION | $3.0M | Jul 29, 2025 | 2025Q2 | ENGLBRTRD |
| THE GARRISON GROUP LLC | SOUTH EAST DAIRY FARMERS ASSOCIATION | $3.0M | May 6, 2025 | 2025Q1 | ENVENGLBR |
| THE GARRISON GROUP LLC | IDAHO DAIRYMEN'S ASSOCIATION | $2.0M | Jul 29, 2025 | 2025Q2 | CAWTRDBUD |
| THE GARRISON GROUP LLC | IDAHO DAIRYMEN'S ASSOCIATION | $2.0M | May 8, 2025 | 2025Q1 | ENGTAXENV |
| GOLDSTEIN POLICY SOLUTIONS LLC | AMERICAN MEDICAL MANUFACTURERS ASSOCIATION | $2.0M | Apr 21, 2025 | 2025Q1 | TRDMANTAX |
| FEDEX CORP |
| Sell |
| Apr 8, 2025 |
| $1,001 - $15,000 |
| 75d after |
| FEDEX CORPORATION |
| 77% |
| Val T. Hoyle | D | FDX | FEDEX CORP | Buy | Oct 29, 2024 | $1,001 - $15,000 | 86d before | FEDEX CORPORATION | 41% |