The American Manufacturers over Argentine Bailouts Act prohibits the Treasury Secretary from using federal funds to provide financial assistance to Argentina while redirecting those resources to help U.S. small and medium-sized manufacturers harmed by tariffs imposed between January 2025 and January 2029. The bill establishes a relief program requiring eligible manufacturers—defined as those with fewer than 500 employees, sourcing at least half their steel or aluminum domestically, and not working with entities of concern—to apply for compensation equal to their financial losses from tariffs on imported inputs. The Treasury Secretary is authorized to allocate at least $20 billion from the Treasury's stabilization fund to support this program and may issue guidance to administer the application and disbursement process. Ultimately, the legislation prioritizes domestic manufacturers over international financial commitments by converting potential bailout funds into targeted tariff relief for American businesses.
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