Trade Act of 1974

Trade Act of 1974
§ LEGISLATIONtrade· 1975

SignedJanuary 3, 1975PresidentGerald Ford (R)Congress93rd · House: D · Senate: D

Granted the president authority to negotiate trade agreements and created the "fast track" procedure for congressional approval. Established Section 301, giving the president power to retaliate against unfair foreign trade practices, and expanded trade adjustment assistance for displaced workers.


House · 32336 (passage)
D
205 YEA · 20 NAY
R
118 YEA · 16 NAY
Senate · 774 (passage)
D
48 YEA · 3 NAY
R
29 YEA · 1 NAY

Wilbur Mills (D-AR) · House
Russell Long (D-LA) · Senate

Sources: Congress.gov · VoteView · FRED

Economic indicators related to this law, showing 5 years before through 10 years after.

Unemployment Rate
Loading...
Productivity (Output/Hour)
Loading...
Labor Force Participation
Loading...

Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.