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(a) SUSPENSION OF THE AVAILABILITY OF BONDS TO NEW SHIPPERS .- Clause (iii) of section 751(a)(2)(B) of the Tariff Act of 1930 (19 U.S.C. 1675(a)(2)(B)(iii)) shall not be effective during the period beginning on April 1, 2006, and ending on June 30, 2009.
(b) REPORT ON THE IMPACT OF THE SUSPENSION.-Not later than December 31, 2008, the Secretary of the Treasury, in consultation with the Secretary of Commerce, the United States Trade Representative, and the Secretary of Homeland Security, shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate a report containing-
(b)(1) recommendations on whether the suspension of section 751(a)(2)(B)(iii) of the Tariff Act of 1930 should be extended beyond the date provided in subsection (a); and
(b)(2) an assessment of the effectiveness of any administrative measure that was implemented to address the difficulties that necessitated the suspension under subsection (a), including-
(b)(2)(A) any problem in the collection of antidumping duties on imports from new shippers; and
(b)(2)(B) any burden imposed on legitimate trade and commerce by the suspension of bonds to new shippers.
(c) REPORT ON COLLECTION PROBLEMS AND ANALYSIS OF PROPOSED SOLUTIONS.-
(c)(1) REPORT.- Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Secretary of Homeland Security and the Secretary of Commerce, shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate a report describing-
(c)(1)(A) any major problem experienced in the collection of duties during the 4 most recent fiscal years for which data are available, including any fraudulent activity intended to avoid payment of duties; and
(c)(1)(B) an estimate of the total amount of duties that were uncollected during the most recent fiscal year for which data are available, including, with respect to each product, a description of why the duties were uncollected.
(c)(2) RECOMMENDATIONS.- The report shall include-
(c)(2)(A) recommendations on any additional action needed to address problems related to the collection of duties; and
(c)(2)(B) for each recommendation-
(c)(2)(B)( i) an analysis of how the recommendation would address the specific problem; and
(c)(2)(B)(ii) an assessment of the impact that implementing the recommendation would have on international trade and commerce (including any additional costs imposed on United States businesses).