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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 3326 Reported in Senate (RS)]

                                                       Calendar No. 459
112th CONGRESS
  2d Session
                                S. 3326

  To amend the African Growth and Opportunity Act to extend the third-
country fabric program and to add South Sudan to the list of countries 
eligible for designation under that Act, to make technical corrections 
to the Harmonized Tariff Schedule of the United States relating to the 
textile and apparel rules of origin for the Dominican Republic-Central 
 America-United States Free Trade Agreement, to approve the renewal of 
import restrictions contained in the Burmese Freedom and Democracy Act 
                    of 2003, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             June 21, 2012

   Mr. Baucus (for himself, Mr. Hatch, Mr. Coons, Mr. McConnell, Mr. 
 Blunt, Mr. Isakson, Mr. Brown of Massachusetts, Mr. Thune, Mr. Kerry, 
Mr. Wicker, Mrs. Feinstein, Mr. Durbin, and Mr. Cochran) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

                             July 18, 2012

               Reported by Mr. Baucus, without amendment

_______________________________________________________________________

                                 A BILL

 
  To amend the African Growth and Opportunity Act to extend the third-
country fabric program and to add South Sudan to the list of countries 
eligible for designation under that Act, to make technical corrections 
to the Harmonized Tariff Schedule of the United States relating to the 
textile and apparel rules of origin for the Dominican Republic-Central 
 America-United States Free Trade Agreement, to approve the renewal of 
import restrictions contained in the Burmese Freedom and Democracy Act 
                    of 2003, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMENDMENTS TO AFRICAN GROWTH AND OPPORTUNITY ACT.

    (a) Extension of Third-Country Fabric Program.--Section 112(c)(1) 
of the African Growth and Opportunity Act (19 U.S.C. 3721(c)(1)) is 
amended--
            (1) in the paragraph heading, by striking ``2012'' and 
        inserting ``2015'';
            (2) in subparagraph (A), by striking ``2012'' and inserting 
        ``2015''; and
            (3) in subparagraph (B)(ii), by striking ``2012'' and 
        inserting ``2015''.
    (b) Addition of South Sudan.--Section 107 of that Act (19 U.S.C. 
3706) is amended by inserting after ``Republic of South Africa (South 
Africa).'' the following:
            ``Republic of South Sudan (South Sudan).''.
    (c) Conforming Amendment.--Section 102(2) of that Act (19 U.S.C. 
3701(2)) is amended by striking ``48''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 2. MODIFICATIONS TO TEXTILE AND APPAREL RULES OF ORIGIN FOR THE 
              DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED STATES FREE 
              TRADE AGREEMENT.

    (a) Definitions.--In this section:
            (1) Agreement.--The term ``Agreement'' has the meaning 
        given the term in section 3(1) of the Dominican Republic-
        Central America-United States Free Trade Agreement 
        Implementation Act (Public Law 109-53; 19 U.S.C. 4002(1)).
            (2) CAFTA-DR country.--The term ``CAFTA-DR country'' has 
        the meaning given the term in section 3(2) of the Dominican 
        Republic-Central America-United States Free Trade Agreement 
        Implementation Act (Public Law 109-53; 19 U.S.C. 4002(2)).
            (3) HTS.--The term ``HTS'' means the Harmonized Tariff 
        Schedule of the United States.
            (4) Trade representative.--The term ``Trade 
        Representative'' means the United States Trade Representative.
    (b) Modifications to the Textile and Apparel Rules of Origin.--
            (1) Interpretation and application of rules of origin.--
        Subdivision (m)(viii) of general note 29 of the HTS is amended 
        as follows:
                    (A) The matter following subdivision (A)(2) is 
                amended by striking the second sentence and inserting 
                the following: ``Any elastomeric yarn (except latex) 
                contained in the originating yarns referred to in 
                subdivision (A)(2) must be formed in the territory of 
                one or more of the parties to the Agreement.''.
                    (B) Subdivision (B) is amended--
                            (i) in the matter preceding subdivision 
                        (B)(1), by striking ``exclusive of collars and 
                        cuffs where applicable,'' and inserting 
                        ``exclusive of collars, cuffs and ribbed 
                        waistbands (only if the ribbed waistband is 
                        present in combination with cuffs and identical 
                        in fabric construction to the cuffs) where 
                        applicable,'';
                            (ii) in subdivision (B)(2), by inserting 
                        ``or knit to shape components'' after ``one or 
                        more fabrics'';
                            (iii) by amending subdivision (B)(3) to 
                        read as follows:
                    ``(3) any combination of the fabrics referred to in 
                subdivision (B)(1), the fabrics or knit to shape 
                components referred to in subdivision (B)(2), or one or 
                more fabrics or knit to shape components originating 
                under this note.''; and
                            (iv) in the matter following subdivision 
                        (B)(3), by striking the last sentence and 
                        inserting the following: ``Any elastomeric yarn 
                        (except latex) contained in an originating 
                        fabric or knit to shape component referred to 
                        in subdivision (B)(3) must be formed in the 
                        territory of one or more of the parties to the 
                        Agreement.''.
                    (C) Subdivision (C) is amended--
                            (i) in subdivision (C)(2), by inserting 
                        ``or knit to shape components'' after ``one or 
                        more fabrics'';
                            (ii) by amending subdivision (C)(3) to read 
                        as follows:
                    ``(3) any combination of the fabrics referred to in 
                subdivision (C)(1), the fabrics or knit to shape 
                components referred to in subdivision (C)(2) or one or 
                more fabrics or knit to shape components originating 
                under this note.''; and
                            (iii) in the matter following subdivision 
                        (C)(3), by striking the second sentence and 
                        inserting the following: ``Any elastomeric yarn 
                        (except latex) contained in an originating 
                        fabric or knit to shape component referred to 
                        in subdivision (C)(3) must be formed in the 
                        territory of one or more of the parties to the 
                        Agreement.''.
            (2) Change in tariff classification rules.--Subdivision (n) 
        of general note 29 of the HTS is amended as follows:
                    (A) Chapter rule 4 to chapter 61 is amended--
                            (i) by striking ``5401 or 5508'' and 
                        inserting ``5401, or 5508 or yarn of heading 
                        5402 used as sewing thread,''; and
                            (ii) by inserting ``or yarn'' after ``only 
                        if such sewing thread''.
                    (B) The chapter rules to chapter 61 are amended by 
                inserting after chapter rule 5 the following:
    ``Chapter rule 6: Notwithstanding chapter rules 1, 3, 4 or 5 to 
this chapter, an apparel good of chapter 61 shall be considered 
originating regardless of the origin of any visible lining fabric 
described in chapter rule 1 to this chapter, narrow elastic fabrics as 
described in chapter rule 3 to this chapter, sewing thread or yarn of 
heading 5402 used as sewing thread described in chapter rule 4 to this 
chapter or pocket bag fabric described in chapter rule 5 to this 
chapter, provided such material is listed in U.S. note 20 to subchapter 
XXII of chapter 98 and the good meets all other applicable requirements 
for preferential tariff treatment under this note.''.
                    (C) Chapter rules 3, 4, and 5 to chapter 62 are 
                each amended by striking ``nightwear'' each place it 
                appears and inserting ``sleepwear''.
                    (D) Chapter rule 4 to chapter 62 is amended--
                            (i) by striking ``5401 or 5508'' and 
                        inserting ``5401, or 5508 or yarn of heading 
                        5402 used as sewing thread,''; and
                            (ii) by inserting ``or yarn'' after ``only 
                        if such sewing thread''.
                    (E) The chapter rules to chapter 62 are amended by 
                inserting after chapter rule 5 the following:
    ``Chapter rule 6: Notwithstanding chapter rules 1, 3, 4 or 5 to 
this chapter, an apparel good of chapter 62 shall be considered 
originating regardless of the origin of any visible lining fabric 
described in chapter rule 1 to this chapter, narrow elastic fabrics as 
described in chapter rule 3 to this chapter, sewing thread or yarn of 
heading 5402 used as sewing thread described in chapter rule 4 to this 
chapter or pocket bag fabric described in chapter rule 5, provided such 
material is listed in U.S. note 20 to subchapter XXII of chapter 98 and 
the good meets all other applicable requirements for preferential 
tariff treatment under this note.''.
                    (F) Tariff classification rule 33 to chapter 62 is 
                amended to read as follows:
    ``33. A change to pajamas and sleepwear of subheadings 6207.21 or 
6207.22, tariff items 6207.91.30 or 6207.92.40, subheadings 6208.21 or 
6208.22 or tariff items 6208.91.30, 6208.92.00 or 6208.99.20 from any 
other chapter, provided that the good is cut or knit to shape, or both, 
and sewn or otherwise assembled in the territory of one or more of the 
parties to the Agreement.''.
                    (G) Chapter rule 2 to chapter 63 is amended--
                            (i) by striking ``5401 or 5508'' and 
                        inserting ``5401, or 5508 or yarn of heading 
                        5402 used as sewing thread,''; and
                            (ii) by inserting ``or yarn'' after ``only 
                        if such sewing thread''.
                    (H) The chapter rules to chapter 63 are amended by 
                inserting after chapter rule 2 the following:
    ``Chapter rule 3: Notwithstanding chapter rule 2 to this chapter, a 
good of this chapter shall be considered originating regardless of the 
origin of sewing thread or yarn of heading 5402 used as sewing thread 
described in chapter rule 2 to this chapter, provided the thread or 
yarn is listed in U.S. note 20 to subchapter XXII of chapter 98 and the 
good meets all other applicable requirements for preferential tariff 
treatment under this note.''.
            (3) Effective date.--
                    (A) In general.--The amendments made by this 
                subsection apply to goods of a CAFTA-DR country that 
                are entered, or withdrawn from warehouse for 
                consumption, on or after the date that the Trade 
                Representative determines is the first date on which 
                the equivalent amendments to the rules of origin of the 
                Agreement have entered into force in all CAFTA-DR 
                countries.
                    (B) Publication of determination.--The Trade 
                Representative shall promptly publish notice of the 
                determination under subparagraph (A) in the Federal 
                Register.

SEC. 3. EXTENSION OF AND RENEWAL OF IMPORT RESTRICTIONS UNDER BURMESE 
              FREEDOM AND DEMOCRACY ACT OF 2003.

    (a) Extension of Burmese Freedom and Democracy Act of 2003.--
Section 9(b)(3) of the Burmese Freedom and Democracy Act of 2003 
(Public Law 108-61; 50 U.S.C. 1701 note) is amended by striking ``nine 
years'' and inserting ``twelve years''.
    (b) Renewal of Import Restrictions.--
            (1) In general.--Congress approves the renewal of the 
        import restrictions contained in section 3(a)(1) and section 3A 
        (b)(1) and (c)(1) of the Burmese Freedom and Democracy Act of 
        2003.
            (2) Rule of construction.--This section shall be deemed to 
        be a ``renewal resolution'' for purposes of section 9 of the 
        Burmese Freedom and Democracy Act of 2003.
    (c) Effective Date.--This section and the amendment made by this 
section shall take effect on the date of the enactment of this Act or 
July 26, 2012, whichever occurs first.

SEC. 4. TIME FOR PAYMENT OF CORPORATE ESTIMATED TAXES.

    Notwithstanding section 6655 of the Internal Revenue Code of 1986--
            (1) in the case of a corporation with assets of not less 
        than $1,000,000,000 (determined as of the end of the preceding 
        taxable year), the amount of any required installment of 
        corporate estimated tax which is otherwise due in July, August, 
        or September of 2017 shall be 100.25 percent of such amount; 
        and
            (2) the amount of the next required installment after an 
        installment referred to in paragraph (1) shall be appropriately 
        reduced to reflect the amount of the increase by reason of such 
        paragraph.

SEC. 5. EXTENSION OF CUSTOMS USER FEES.

    Section 13031(j)(3) of the Consolidated Omnibus Budget 
Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)) is amended--
            (1) in subparagraph (A), by striking ``August 2, 2021'' and 
        inserting ``October 22, 2021'';
            (2) in subparagraph (B)(i), by striking ``December 8, 
        2020'' and inserting ``October 29, 2021''; and
            (3) by striking subparagraphs (C) and (D).
                                                       Calendar No. 459

112th CONGRESS

  2d Session

                                S. 3326

_______________________________________________________________________

                                 A BILL

  To amend the African Growth and Opportunity Act to extend the third-
country fabric program and to add South Sudan to the list of countries 
eligible for designation under that Act, to make technical corrections 
to the Harmonized Tariff Schedule of the United States relating to the 
textile and apparel rules of origin for the Dominican Republic-Central 
 America-United States Free Trade Agreement, to approve the renewal of 
import restrictions contained in the Burmese Freedom and Democracy Act 
                    of 2003, and for other purposes.

_______________________________________________________________________

                             July 18, 2012

                       Reported without amendment
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