To repeal section 754 of the Tariff Act of 1930.

H.R. 1121 would repeal a provision of trade law known as the Byrd Amendment, which currently directs the government to distribute collected anti-dumping and subsidy duties directly to the U.S. companies that filed the trade complaints. Under this bill, those funds would instead be deposited into the general fund of the U.S. Treasury to be used for general government expenses. For citizens, this change would end a system where specific domestic industries receive direct cash payments from trade penalties, aligning U.S. policy with international trade rulings and potentially reducing trade tensions with foreign partners.