US HB5984

Prohibits the Secretary of the Treasury from using the Exchange Stabilization Fund to provide direct or indirect financial support to Argentina

Establishes a financial relief program for small and medium-sized U.S. manufacturers to offset negative impacts from presidential tariffs imposed on foreign imports between January 20, 2025 and January 20, 2029

Authorizes no less than $20 billion from the Exchange Stabilization Fund for manufacturer assistance, with relief amounts equal to the financial harm caused by applicable tariffs

Eligible manufacturers must employ fewer than 500 individuals, source at least 50% of steel or aluminum inputs domestically, and not source production inputs from foreign entities of concern

Requires manufacturers to submit applications describing their U.S.-produced goods, tariff-affected foreign imports used as production inputs, and documentation of negative financial impacts