S.Res. 281 — A resolution commemorating the 95th anniversary of the enactment of the Tariff Act of 1930.

This section expresses the sense of the Senate that it (1) observes the 95th anniversary of the Tariff Act of 1930 (commonly known as the Smoot-Hawley Tariff Act) as a moment of historical reflection on the consequences of protectionist economic policies; (2) views that Act as a significant contributor to the Great Depression; (3) affirms the importance of rules-based trade policy that reduces production costs for U.S. farmers, manufacturers, and construction firms, strengthens international economic cooperation, provides U.S. consumers with affordable goods, and opens foreign markets to U.S. exports; and (4) commits to trade and economic policies that encourage growth and avoid historic mistakes.