Commercial Aircraft and Engine Supply Chain Security and Fair Trade Act

A BILL to ensure the national security and economic competitiveness of the United States commercial aircraft, jet engine, and parts industries through transparent, congressional-authorized import adjustments. SECTION 1. SHORT TITLE. This Act may be cited as the "Commercial Aircraft and Engine Supply Chain Security and Fair Trade Act." SEC. 2. FINDINGS. Congress finds that (1) a robust domestic commercial aircraft and engine manufacturing base is essential to national security and economic prosperity; (2) imports that materially threaten that base should be addressed through a process that balances security, trade obligations, and stakeholder interests; (3) the President's existing authority under Section 232 of the Trade Expansion Act (19 U.S.C. § 1862) is insufficiently tailored for this sector and lacks adequate congressional oversight. SEC. 3. ESTABLISHMENT OF THE COMMISSION ON AEROSPACE SUPPLY CHAIN SECURITY. (a) There is established an independent commission within the executive branch, the Commission on Aerospace Supply Chain Security (hereinafter "Commission"), composed of nine members appointed by the President with the advice and consent of the Senate, including representatives from the Departments of Commerce, Defense, Transportation, and Labor, and three private-sector experts with no financial interest in the subject matter. (b) The Commission shall investigate whether imports of commercial aircraft, jet engines, or aircraft or engine parts threaten to impair the national security or cause material injury to the domestic industry. (c) The Commission shall issue a public report within 180 days of initiation, including findings and recommended actions. SEC. 4. PRESIDENTIAL AUTHORITY AND LIMITATIONS. (a) Upon receipt of a Commission report finding a threat, the President may, by proclamation, adjust imports of the covered articles through tariffs, quotas, or other measures, but only for a period not to exceed four years. (b) Any adjustment shall be subject to congressional approval by joint resolution within 90 days; if Congress disapproves, the adjustment shall terminate. (c) The President shall not adjust imports under this Act for any article that is subject to a separate import relief action under Section 201 or 421 of the Trade Act of 1974. SEC. 5. FUNDING. (a) There is authorized to be appropriated $50,000,000 from the general fund of the Treasury for the Commission's operations over five fiscal years. (b) Any tariffs collected under this Act shall be deposited into the general fund and may not be earmarked. SEC. 6. SUNSET. This Act shall expire five years after the date of enactment, unless reauthorized by Congress. SEC. 7. JUDICIAL REVIEW. Any action taken under this Act is subject to review exclusively in the United States Court of International Trade, with expedited consideration. The standard of review shall be whether the President's action is arbitrary, capricious, or an abuse of discretion. SEC. 8. SEVERABILITY. If any provision of this Act is held invalid, the remainder shall not be affected.