H. R. 3080—15 
(A) in the case of textile or apparel goods, 10 percent 
of the adjusted value of the set; or 
(B) in the case of goods, other than textile or apparel 
goods, 15 percent of the adjusted value of the set. 
(n) DEFINITIONS.—In this section: 
(1) ADJUSTED VALUE.—The term ‘‘adjusted value’’ means 
the value determined in accordance with Articles 1 through 
8, Article 15, and the corresponding interpretive notes, of the 
Agreement on Implementation of Article VII of the General 
Agreement on Tariffs and Trade 1994 referred to in section 
101(d)(8) of the Uruguay Round Agreements Act (19 U.S.C. 
3511(d)(8)), adjusted, if necessary, to exclude any costs, charges, 
or expenses incurred for transportation, insurance, and related 
services incident to the international shipment of the merchan-
dise from the country of exportation to the place of importation. 
(2) CLASS OF MOTOR VEHICLES.—The term ‘‘class of motor 
vehicles’’ means any one of the following categories of motor 
vehicles: 
(A) Motor vehicles provided for in subheading 8701.20, 
8704.10, 8704.22, 8704.23, 8704.32, or 8704.90, or heading 
8705 or 8706, or motor vehicles for the transport of 16 
or more persons provided for in subheading 8702.10 or 
8702.90. 
(B) Motor vehicles provided for in subheading 8701.10 
or any of subheadings 8701.30 through 8701.90. 
(C) Motor vehicles for the transport of 15 or fewer 
persons provided for in subheading 8702.10 or 8702.90, 
or motor vehicles provided for in subheading 8704.21 or 
8704.31. 
(D) Motor vehicles provided for in any of subheadings 
8703.21 through 8703.90. 
(3) FUNGIBLE
GOOD
OR
FUNGIBLE
MATERIAL.—The term 
‘‘fungible good’’ or ‘‘fungible material’’ means a good or material, 
as the case may be, that is interchangeable with another good 
or material for commercial purposes and the properties of which 
are essentially identical to such other good or material. 
(4) GENERALLY
ACCEPTED
ACCOUNTING
PRINCIPLES.—The 
term ‘‘generally accepted accounting principles’’— 
(A) means the recognized consensus or substantial 
authoritative support given in the territory of Korea or 
the United States, as the case may be, with respect to 
the recording of revenues, expenses, costs, assets, and 
liabilities, the disclosure of information, and the prepara-
tion of financial statements; and 
(B) may encompass broad guidelines for general 
application as well as detailed standards, practices, and 
procedures. 
(5) GOOD
WHOLLY
OBTAINED
OR
PRODUCED
ENTIRELY
IN 
THE
TERRITORY
OF
KOREA, THE
UNITED
STATES, OR
BOTH.— 
The term ‘‘good wholly obtained or produced entirely in the 
territory of Korea, the United States, or both’’ means any 
of the following: 
(A) Plants and plant products grown, and harvested 
or gathered, in the territory of Korea, the United States, 
or both. 
(B) Live animals born and raised in the territory of 
Korea, the United States, or both.
H. R. 3080—16 
(C) Goods obtained in the territory of Korea, the United 
States, or both from live animals. 
(D) Goods obtained from hunting, trapping, fishing, 
or aquaculture conducted in the territory of Korea, the 
United States, or both. 
(E) Minerals and other natural resources not included 
in subparagraphs (A) through (D) that are extracted or 
taken from the territory of Korea, the United States, or 
both. 
(F) Fish, shellfish, and other marine life taken from 
the sea, seabed, or subsoil outside the territory of Korea 
or the United States by— 
(i) a vessel that is registered or recorded with 
Korea and flying the flag of Korea; or 
(ii) a vessel that is documented under the laws 
of the United States. 
(G) Goods produced on board a factory ship from goods 
referred to in subparagraph (F), if such factory ship— 
(i) is registered or recorded with Korea and flies 
the flag of Korea; or 
(ii) is a vessel that is documented under the laws 
of the United States. 
(H)(i) Goods taken by Korea or a person of Korea 
from the seabed or subsoil outside the territory of Korea, 
the United States, or both, if Korea has rights to exploit 
such seabed or subsoil; or 
(ii) Goods taken by the United States or a person 
of the United States from the seabed or subsoil outside 
the territory of the United States, Korea, or both, if the 
United States has rights to exploit such seabed or subsoil. 
(I) Goods taken from outer space, if the goods are 
obtained by Korea or the United States or a person of 
Korea or the United States and not processed in the terri-
tory of a country other than Korea or the United States. 
(J) Waste and scrap derived from— 
(i) manufacturing or processing operations in the 
territory of Korea, the United States, or both; or 
(ii) used goods collected in the territory of Korea, 
the United States, or both, if such goods are fit only 
for the recovery of raw materials. 
(K) Recovered goods derived in the territory of Korea, 
the United States, or both, from used goods, and used 
in the territory of Korea, the United States, or both, in 
the production of remanufactured goods. 
(L) Goods, at any stage of production, produced in 
the territory of Korea, the United States, or both, exclu-
sively from— 
(i) goods referred to in any of subparagraphs (A) 
through (J); or 
(ii) the derivatives of goods referred to in clause 
(i). 
(6) IDENTICAL GOODS.—The term ‘‘identical goods’’ means 
goods that are the same in all respects relevant to the rule 
of origin that qualifies the goods as originating goods. 
(7) INDIRECT
MATERIAL.—The term ‘‘indirect material’’ 
means a good used in the production, testing, or inspection 
of another good but not physically incorporated into that other
H. R. 3080—17 
good, or a good used in the maintenance of buildings or the 
operation of equipment associated with the production of 
another good, including— 
(A) fuel and energy; 
(B) tools, dies, and molds; 
(C) spare parts and materials used in the maintenance 
of equipment or buildings; 
(D) lubricants, greases, compounding materials, and 
other materials used in production or used to operate equip-
ment or buildings; 
(E) gloves, glasses, footwear, clothing, safety equip-
ment, and supplies; 
(F) equipment, devices, and supplies used for testing 
or inspecting the good; 
(G) catalysts and solvents; and 
(H) any other good that is not incorporated into the 
other good but the use of which in the production of the 
other good can reasonably be demonstrated to be a part 
of that production. 
(8) MATERIAL.—The term ‘‘material’’ means a good that 
is used in the production of another good, including a part 
or an ingredient. 
(9) MATERIAL THAT IS SELF-PRODUCED.—The term ‘‘material 
that is self-produced’’ means an originating material that is 
produced by a producer of a good and used in the production 
of that good. 
(10) MODEL LINE OF MOTOR VEHICLES.—The term ‘‘model 
line of motor vehicles’’ means a group of motor vehicles having 
the same platform or model name. 
(11) NET COST.—The term ‘‘net cost’’ means total cost minus 
sales promotion, marketing, and after-sales service costs, royal-
ties, shipping and packing costs, and non-allowable interest 
costs that are included in the total cost. 
(12) NONALLOWABLE INTEREST COSTS.—The term ‘‘nonallow-
able interest costs’’ means interest costs incurred by a producer 
that exceed 700 basis points above the applicable official 
interest rate for comparable maturities of the country in which 
the producer is located. 
(13) NONORIGINATING
GOOD
OR
NONORIGINATING
MATE-
RIAL.—The term ‘‘nonoriginating good’’ or ‘‘nonoriginating mate-
rial’’ means a good or material, as the case may be, that 
does not qualify as originating under this section. 
(14) PACKING MATERIALS AND CONTAINERS FOR SHIPMENT.— 
The term ‘‘packing materials and containers for shipment’’ 
means goods used to protect another good during its transpor-
tation and does not include the packaging materials and con-
tainers in which the other good is packaged for retail sale. 
(15) PREFERENTIAL TARIFF TREATMENT.—The term ‘‘pref-
erential tariff treatment’’ means the customs duty rate, and 
the treatment under article 2.10.4 of the Agreement, that are 
applicable to an originating good pursuant to the Agreement. 
(16) PRODUCER.—The term ‘‘producer’’ means a person who 
engages in the production of a good in the territory of Korea 
or the United States. 
(17) PRODUCTION.—The term ‘‘production’’ means growing, 
mining, 
harvesting, 
fishing, 
breeding, 
raising, 
trapping,
H. R. 3080—18 
hunting, manufacturing, processing, assembling, or disassem-
bling a good. 
(18) REASONABLY ALLOCATE.—The term ‘‘reasonably allo-
cate’’ means to apportion in a manner that would be appropriate 
under generally accepted accounting principles. 
(19) RECOVERED
GOODS.—The term ‘‘recovered goods’’ 
means materials in the form of individual parts that are the 
result of— 
(A) the disassembly of used goods into individual parts; 
and 
(B) the cleaning, inspecting, testing, or other processing 
that is necessary for improvement to sound working condi-
tion of such individual parts. 
(20) REMANUFACTURED GOOD.—The term ‘‘remanufactured 
good’’ means a good that is classified under chapter 84, 85, 
87, or 90 or heading 9402, and that— 
(A) is entirely or partially comprised of recovered goods; 
and 
(B) has a similar life expectancy and enjoys a factory 
warranty similar to such a good that is new. 
(21) TOTAL COST.— 
(A) IN GENERAL.—The term ‘‘total cost’’— 
(i) means all product costs, period costs, and other 
costs for a good incurred in the territory of Korea, 
the United States, or both; and 
(ii) does not include profits that are earned by 
the producer, regardless of whether they are retained 
by the producer or paid out to other persons as divi-
dends, or taxes paid on those profits, including capital 
gains taxes. 
(B) OTHER DEFINITIONS.—In this paragraph: 
(i) PRODUCT
COSTS.—The term ‘‘product costs’’ 
means costs that are associated with the production 
of a good and include the value of materials, direct 
labor costs, and direct overhead. 
(ii) PERIOD COSTS.—The term ‘‘period costs’’ means 
costs, other than product costs, that are expensed in 
the period in which they are incurred, such as selling 
expenses and general and administrative expenses. 
(iii) OTHER COSTS.—The term ‘‘other costs’’ means 
all costs recorded on the books of the producer that 
are not product costs or period costs, such as interest. 
(22) USED.—The term ‘‘used’’ means utilized or consumed 
in the production of goods. 
(o) PRESIDENTIAL PROCLAMATION AUTHORITY.— 
(1) IN GENERAL.—The President is authorized to proclaim, 
as part of the HTS— 
(A) the provisions set forth in Annex 4-A and Annex 
6-A of the Agreement; and 
(B) any additional subordinate category that is nec-
essary to carry out this title consistent with the Agreement. 
(2) MODIFICATIONS.— 
(A) IN GENERAL.—Subject to the consultation and lay-
over provisions of section 104, the President may proclaim 
modifications to the provisions proclaimed under the
H. R. 3080—19 
authority of paragraph (1)(A), other than provisions of chap-
ters 50 through 63 (as included in Annex 4-A of the Agree-
ment). 
(B) 
ADDITIONAL
PROCLAMATIONS.—Notwithstanding 
subparagraph (A), and subject to the consultation and lay-
over provisions of section 104, the President may pro-
claim— 
(i) such modifications to the provisions proclaimed 
under the authority of paragraph (1)(A) as are nec-
essary to implement an agreement with Korea pursu-
ant to article 4.2.5 of the Agreement; and 
(ii) before the end of the 1-year period beginning 
on the date on which the Agreement enters into force, 
modifications to correct any typographical, clerical, or 
other nonsubstantive technical error regarding the 
provisions of chapters 50 through 63 (as included in 
Annex 4-A of the Agreement). 
(3) FIBERS, YARNS, OR FABRICS NOT AVAILABLE IN COMMER-
CIAL QUANTITIES IN THE UNITED STATES.— 
(A) IN GENERAL.—Notwithstanding paragraph (2)(A), 
the list of fibers, yarns, and fabrics set forth in the list 
of the United States in Appendix 4-B-1 of the Agreement 
may be modified as provided for in this paragraph. 
(B) DEFINITIONS.—In this paragraph: 
(i) INTERESTED
ENTITY.—The term ‘‘interested 
entity’’ means the Government of Korea, a potential 
or actual purchaser of a textile or apparel good, or 
a potential or actual supplier of a textile or apparel 
good. 
(ii) DAY; DAYS.—All references to ‘‘day’’ and ‘‘days’’ 
exclude Saturdays, Sundays, and legal holidays 
observed by the Government of the United States. 
(C) REQUESTS TO ADD FIBERS, YARNS, OR FABRICS.— 
(i) IN GENERAL.—An interested entity may request 
the President to determine that a fiber, yarn, or fabric 
is not available in commercial quantities in a timely 
manner in the United States and to add that fiber, 
yarn, or fabric to the list of the United States in 
Appendix 4-B-1 of the Agreement. 
(ii) DETERMINATION.—After receiving a request 
under clause (i), the President may determine 
whether— 
(I) the fiber, yarn, or fabric is available in 
commercial quantities in a timely manner in the 
United States; or 
(II) any interested entity objects to the 
request. 
(iii) PROCLAMATION
AUTHORITY.—The President 
may, within the time periods specified in clause (iv), 
proclaim that the fiber, yarn, or fabric that is the 
subject of the request is added to the list of the United 
States in Appendix 4-B-1 of the Agreement, if the 
President has determined under clause (ii) that— 
(I) the fiber, yarn, or fabric is not available 
in commercial quantities in a timely manner in 
the United States; or
H. R. 3080—20 
(II) no interested entity has objected to the 
request. 
(iv) TIME PERIODS.—The time periods within which 
the President may issue a proclamation under clause 
(iii) are— 
(I) not later than 30 days after the date on 
which a request is submitted under clause (i); or 
(II) not later than 60 days after the request 
is submitted, if the President determines, within 
30 days after the date on which the request is 
submitted, that the President does not have suffi-
cient information to make a determination under 
clause (ii). 
(v) EFFECTIVE
DATE.—Notwithstanding section 
103(a)(2), a proclamation made under clause (iii) shall 
take effect on the date on which the text of the 
proclamation is published in the Federal Register. 
(D) DEEMED
DENIAL
OF
REQUEST.—If, after an 
interested entity submits a request under subparagraph 
(C)(i), the President does not, within 30 days of the expira-
tion of the applicable time period specified in subparagraph 
(C)(iv), make a determination under subparagraph (C)(ii) 
regarding the request, the request shall be considered to 
be denied. 
(E) REQUESTS TO REMOVE FIBERS, YARNS, OR FABRICS.— 
(i) IN GENERAL.—An interested entity may request 
the President to remove from the list of the United 
States in Appendix 4-B-1 of the Agreement, any fiber, 
yarn, or fabric that has been added to that list pursu-
ant to subparagraph (C)(iii). 
(ii) PROCLAMATION AUTHORITY.—Not later than 30 
days after the date on which a request under clause 
(i) is submitted, the President may proclaim that the 
fiber, yarn, or fabric that is the subject of the request 
is removed from the list of the United States in 
Appendix 4-B-1 of the Agreement if the President 
determines that the fiber, yarn, or fabric is available 
in commercial quantities in a timely manner in the 
United States. 
(iii) EFFECTIVE
DATE.—A proclamation issued 
under clause (ii) may not take effect earlier than the 
date that is 6 months after the date on which the 
text of the proclamation is published in the Federal 
Register. 
(F) PROCEDURES.—The President shall establish proce-
dures— 
(i) governing the submission of a request under 
subparagraphs (C) and (E); and 
(ii) providing an opportunity for interested entities 
to submit comments and supporting evidence before 
the President makes a determination under subpara-
graph (C)(ii) or (E)(ii). 
SEC. 203. CUSTOMS USER FEES. 
Section 13031(b) of the Consolidated Omnibus Budget Reconcili-
ation Act of 1985 (19 U.S.C. 58c(b)) is amended by adding after 
paragraph (18) the following:
H. R. 3080—21 
‘‘(19) No fee may be charged under subsection (a) (9) or (10) 
with respect to goods that qualify as originating goods under section 
202 of the United States–Korea Free Trade Agreement Implementa-
tion Act. Any service for which an exemption from such fee is 
provided by reason of this paragraph may not be funded with 
money contained in the Customs User Fee Account.’’. 
SEC. 204. DISCLOSURE OF INCORRECT INFORMATION; FALSE CERTIFI-
CATIONS OF ORIGIN; DENIAL OF PREFERENTIAL TARIFF 
TREATMENT. 
(a) DISCLOSURE OF INCORRECT INFORMATION.—Section 592 of 
the Tariff Act of 1930 (19 U.S.C. 1592) is amended— 
(1) in subsection (c)— 
(A) by redesignating paragraph (11) as paragraph (12); 
and 
(B) by inserting after paragraph (10) the following 
new paragraph: 
‘‘(11) PRIOR
DISCLOSURE
REGARDING
CLAIMS
UNDER
THE 
UNITED STATES–KOREA FREE TRADE AGREEMENT.—An importer 
shall not be subject to penalties under subsection (a) for making 
an incorrect claim that a good qualifies as an originating good 
under section 202 of the United States–Korea Free Trade Agree-
ment Implementation Act if the importer, in accordance with 
regulations issued by the Secretary of the Treasury, promptly 
and voluntarily makes a corrected declaration and pays any 
duties owing with respect to that good.’’; and 
(2) by adding at the end the following new subsection: 
‘‘(j) FALSE CERTIFICATIONS
OF ORIGIN UNDER
THE UNITED 
STATES–KOREA FREE TRADE AGREEMENT.— 
‘‘(1) IN GENERAL.—Subject to paragraph (2), it is unlawful 
for any person to certify falsely, by fraud, gross negligence, 
or negligence, in a KFTA certification of origin (as defined 
in section 508 of this Act) that a good exported from the 
United States qualifies as an originating good under the rules 
of origin provided for in section 202 of the United States– 
Korea Free Trade Agreement Implementation Act. The proce-
dures and penalties of this section that apply to a violation 
of subsection (a) also apply to a violation of this subsection. 
‘‘(2) PROMPT AND VOLUNTARY DISCLOSURE OF INCORRECT 
INFORMATION.—No penalty shall be imposed under this sub-
section if, promptly after an exporter or producer that issued 
a KFTA certification of origin has reason to believe that such 
certification contains or is based on incorrect information, the 
exporter or producer voluntarily provides written notice of such 
incorrect information to every person to whom the certification 
was issued. 
‘‘(3) EXCEPTION.—A person shall not be considered to have 
violated paragraph (1) if— 
‘‘(A) the information was correct at the time it was 
provided in a KFTA certification of origin but was later 
rendered incorrect due to a change in circumstances; and 
‘‘(B) the person promptly and voluntarily provides writ-
ten notice of the change in circumstances to all persons 
to whom the person provided the certification.’’. 
(b) DENIAL OF PREFERENTIAL TARIFF TREATMENT.—Section 514 
of the Tariff Act of 1930 (19 U.S.C. 1514) is amended by adding 
at the end the following new subsection:
H. R. 3080—22 
‘‘(j) DENIAL OF PREFERENTIAL TARIFF TREATMENT UNDER THE 
UNITED STATES–KOREA FREE TRADE AGREEMENT.—If U.S. Customs 
and Border Protection or U.S. Immigration and Customs Enforce-
ment of the Department of Homeland Security finds indications 
of a pattern of conduct by an importer, exporter, or producer of 
false or unsupported representations that goods qualify under the 
rules of origin provided for in section 202 of the United States– 
Korea Free Trade Agreement Implementation Act, U.S. Customs 
and Border Protection, in accordance with regulations issued by 
the Secretary of the Treasury, may suspend preferential tariff treat-
ment under the United States–Korea Free Trade Agreement 
Implementation Act to entries of identical goods covered by subse-
quent representations by that importer, exporter, or producer until 
U.S. Customs and Border Protection determines that representa-
tions of that person are in conformity with such section 202.’’. 
SEC. 205. RELIQUIDATION OF ENTRIES. 
Section 520(d) of the Tariff Act of 1930 (19 U.S.C. 1520(d)) 
is amended in the matter preceding paragraph (1)— 
(1) by striking ‘‘or’’; and 
(2) by striking ‘‘for which’’ and inserting ‘‘, or section 202 
of the United States–Korea Free Trade Agreement Implementa-
tion Act for which’’. 
SEC. 206. RECORDKEEPING REQUIREMENTS. 
Section 508 of the Tariff Act of 1930 (19 U.S.C. 1508) is 
amended— 
(1) by redesignating subsection (i) as subsection (j); 
(2) by inserting after subsection (h) the following new sub-
section: 
‘‘(i) CERTIFICATIONS OF ORIGIN FOR GOODS EXPORTED UNDER 
THE UNITED STATES–KOREA FREE TRADE AGREEMENT.— 
‘‘(1) DEFINITIONS.—In this subsection: 
‘‘(A) RECORDS AND SUPPORTING DOCUMENTS.—The term 
‘records and supporting documents’ means, with respect 
to an exported good under paragraph (2), records and docu-
ments related to the origin of the good, including— 
‘‘(i) the purchase, cost, and value of, and payment 
for, the good; 
‘‘(ii) the purchase, cost, and value of, and payment 
for, all materials, including indirect materials, used 
in the production of the good; and 
‘‘(iii) the production of the good in the form in 
which it was exported. 
‘‘(B) KFTA CERTIFICATION OF ORIGIN.—The term ‘KFTA 
certification of origin’ means the certification established 
under article 6.15 of the United States–Korea Free Trade 
Agreement that a good qualifies as an originating good 
under such Agreement. 
‘‘(2) EXPORTS TO KOREA.—Any person who completes and 
issues a KFTA certification of origin for a good exported from 
the United States shall make, keep, and, pursuant to rules 
and regulations promulgated by the Secretary of the Treasury, 
render for examination and inspection all records and sup-
porting documents related to the origin of the good (including 
the certification or copies thereof). 
‘‘(3) RETENTION PERIOD.—The person who issues a KFTA 
certification of origin shall keep the records and supporting
H. R. 3080—23 
documents relating to that certification of origin for a period 
of at least 5 years after the date on which the certification 
is issued.’’; and 
(3) in subsection (j), as so redesignated, by striking ‘‘(g), 
or (h)’’ and inserting ‘‘(g), (h), or (i)’’. 
SEC. 207. ENFORCEMENT RELATING TO TRADE IN TEXTILE OR 
APPAREL GOODS. 
(a) ACTION DURING VERIFICATION.— 
(1) IN GENERAL.—If the Secretary of the Treasury requests 
the Government of Korea to conduct a verification pursuant 
to article 4.3 of the Agreement for purposes of making a deter-
mination under paragraph (2), the President may direct the 
Secretary to take appropriate action described in subsection 
(b) while the verification is being conducted. 
(2) DETERMINATION.—A determination under this para-
graph is a determination of the Secretary that— 
(A) an exporter or producer in Korea is complying 
with applicable customs laws, regulations, procedures, 
requirements, and practices affecting trade in textile or 
apparel goods; or 
(B) a claim that a textile or apparel good exported 
or produced by such exporter or producer— 
(i) qualifies as an originating good under section 
202, or 
(ii) is a good of Korea, 
is accurate. 
(b) APPROPRIATE ACTION DESCRIBED.—Appropriate action under 
subsection (a)(1) includes— 
(1) suspension of liquidation of the entry of any textile 
or apparel good exported or produced by the person that is 
the subject of a verification under subsection (a)(1) regarding 
compliance described in subsection (a)(2)(A), in a case in which 
the request for verification was based on a reasonable suspicion 
of unlawful activity related to such goods; and 
(2) suspension of liquidation of the entry of a textile or 
apparel good for which a claim has been made that is the 
subject of a verification under subsection (a)(1) regarding a 
claim described in subsection (a)(2)(B). 
(c) ACTION WHEN INFORMATION IS INSUFFICIENT.—If the Sec-
retary of the Treasury determines that the information obtained 
within 12 months after making a request for a verification under 
subsection (a)(1) is insufficient to make a determination under 
subsection (a)(2), the President may direct the Secretary to take 
appropriate action described in subsection (d) until such time as 
the Secretary receives information sufficient to make the determina-
tion under subsection (a)(2) or until such earlier date as the Presi-
dent may direct. 
(d) APPROPRIATE ACTION DESCRIBED.—Appropriate action under 
subsection (c) includes— 
(1) denial of preferential tariff treatment under the Agree-
ment with respect to— 
(A) any textile or apparel good exported or produced 
by the person that is the subject of a verification under 
subsection (a)(1) regarding compliance described in sub-
section (a)(2)(A); or
H. R. 3080—24 
(B) the textile or apparel good for which a claim has 
been made that is the subject of a verification under sub-
section (a)(1) regarding a claim described in subsection 
(a)(2)(B); and 
(2) denial of entry into the United States of— 
(A) any textile or apparel good exported or produced 
by the person that is the subject of a verification under 
subsection (a)(1) regarding compliance described in sub-
section (a)(2)(A); or 
(B) a textile or apparel good for which a claim has 
been made that is the subject of a verification under sub-
section (a)(1) regarding a claim described in subsection 
(a)(2)(B). 
(e) PUBLICATION
OF NAME
OF PERSON.—In accordance with 
article 4.3.11 of the Agreement, the Secretary of the Treasury 
may publish the name of any person that the Secretary has deter-
mined— 
(1) is engaged in circumvention of applicable laws, regula-
tions, or procedures affecting trade in textile or apparel goods; 
or 
(2) has failed to demonstrate that it produces, or is capable 
of producing, textile or apparel goods. 
(f) CERTIFICATE OF ELIGIBILITY.—The Commissioner responsible 
for U.S. Customs and Border Protection of the Department of Home-
land Security may require an importer to submit at the time the 
importer files a claim for preferential tariff treatment under Annex 
4-B of the Agreement a certificate of eligibility, properly completed 
and signed by an authorized official of the Government of Korea. 
(g) VERIFICATIONS IN THE UNITED STATES.—If the government 
of a country that is a party to a free trade agreement with the 
United States makes a request for a verification pursuant to that 
agreement, the Secretary of the Treasury may request a verification 
of the production of any textile or apparel good in order to assist 
that government in determining whether— 
(1) a claim of origin under the agreement for a textile 
or apparel good is accurate; or 
(2) an exporter, producer, or other enterprise located in 
the United States involved in the movement of textile or apparel 
goods from the United States to the territory of the requesting 
government is complying with applicable customs laws, regula-
tions, and procedures regarding trade in textile or apparel 
goods. 
SEC. 208. REGULATIONS. 
The Secretary of the Treasury shall prescribe such regulations 
as may be necessary to carry out— 
(1) subsections (a) through (n) of section 202; 
(2) the amendment made by section 203; and 
(3) any proclamation issued under section 202(o). 
TITLE III—RELIEF FROM IMPORTS 
SEC. 301. DEFINITIONS. 
In this title:
H. R. 3080—25 
(1) KOREAN ARTICLE.—The term ‘‘Korean article’’ means 
an article that qualifies as an originating good under section 
202(b). 
(2) KOREAN MOTOR VEHICLE ARTICLE.—The term ‘‘Korean 
motor vehicle article’’ means a good provided for in heading 
8703 or 8704 of the HTS that qualifies as an originating good 
under section 202(b). 
(3) KOREAN
TEXTILE
OR
APPAREL
ARTICLE.—The term 
‘‘Korean textile or apparel article’’ means a textile or apparel 
good (as defined in section 3(5)) that is a Korean article. 
Subtitle A—Relief From Imports 
Benefitting From the Agreement 
SEC. 311. COMMENCING OF ACTION FOR RELIEF. 
(a) FILING OF PETITION.— 
(1) IN GENERAL.—A petition requesting action under this 
subtitle for the purpose of adjusting to the obligations of the 
United States under the Agreement may be filed with the 
Commission by an entity, including a trade association, firm, 
certified or recognized union, or group of workers, that is rep-
resentative of an industry. The Commission shall transmit 
a copy of any petition filed under this subsection to the United 
States Trade Representative. 
(2) PROVISIONAL RELIEF.—An entity filing a petition under 
this subsection may request that provisional relief be provided 
as if the petition had been filed under section 202(a) of the 
Trade Act of 1974 (19 U.S.C. 2252(a)). 
(3) CRITICAL CIRCUMSTANCES.—Any allegation that critical 
circumstances exist shall be included in the petition. 
(b) INVESTIGATION
AND DETERMINATION.—Upon the filing of 
a petition under subsection (a), the Commission, unless subsection 
(d) applies, shall promptly initiate an investigation to determine 
whether, as a result of the reduction or elimination of a duty 
provided for under the Agreement, a Korean article is being 
imported into the United States in such increased quantities, in 
absolute terms or relative to domestic production, and under such 
conditions that imports of the Korean article constitute a substantial 
cause of serious injury or threat thereof to the domestic industry 
producing an article that is like, or directly competitive with, the 
imported article. 
(c) APPLICABLE PROVISIONS.—The following provisions of section 
202 of the Trade Act of 1974 (19 U.S.C. 2252) apply with respect 
to any investigation initiated under subsection (b): 
(1) Paragraphs (1)(B) and (3) of subsection (b). 
(2) Subsection (c). 
(3) Subsection (d). 
(4) Subsection (i). 
(d) ARTICLES EXEMPT FROM INVESTIGATION.—No investigation 
may be initiated under this section with respect to any Korean 
article if, after the date on which the Agreement enters into force, 
import relief has been provided with respect to that Korean article 
under this subtitle.
H. R. 3080—26 
SEC. 312. COMMISSION ACTION ON PETITION. 
(a) DETERMINATION.—Not later than 120 days (180 days if 
critical circumstances have been alleged) after the date on which 
an investigation is initiated under section 311(b) with respect to 
a petition, the Commission shall make the determination required 
under that section. 
(b) APPLICABLE PROVISIONS.—For purposes of this subtitle, the 
provisions of paragraphs (1), (2), and (3) of section 330(d) of the 
Tariff Act of 1930 (19 U.S.C. 1330(d) (1), (2), and (3)) shall be 
applied with respect to determinations and findings made under 
this section as if such determinations and findings were made 
under section 202 of the Trade Act of 1974 (19 U.S.C. 2252). 
(c) ADDITIONAL FINDING AND RECOMMENDATION IF DETERMINA-
TION AFFIRMATIVE.— 
(1) IN
GENERAL.—If the determination made by the 
Commission under subsection (a) with respect to imports of 
an article is affirmative, or if the President may consider a 
determination of the Commission to be an affirmative deter-
mination as provided for under paragraph (1) of section 330(d) 
of the Tariff Act of 1930 (19 U.S.C. 1330(d)(1)), the Commission 
shall find, and recommend to the President in the report 
required under subsection (d), the amount of import relief that 
is necessary to remedy or prevent the injury found by the 
Commission in the determination and to facilitate the efforts 
of the domestic industry to make a positive adjustment to 
import competition. 
(2) LIMITATION ON RELIEF.—The import relief recommended 
by the Commission under this subsection shall be limited to 
the relief described in section 313(c). 
(3) VOTING; SEPARATE VIEWS.—Only those members of the 
Commission who voted in the affirmative under subsection 
(a) are eligible to vote on the proposed action to remedy or 
prevent the injury found by the Commission. Members of the 
Commission who did not vote in the affirmative may submit, 
in the report required under subsection (d), separate views 
regarding what action, if any, should be taken to remedy or 
prevent the injury. 
(d) REPORT TO PRESIDENT.—Not later than the date that is 
30 days after the date on which a determination is made under 
subsection (a) with respect to an investigation, the Commission 
shall submit to the President a report that includes— 
(1) the determination made under subsection (a) and an 
explanation of the basis for the determination; 
(2) if the determination under subsection (a) is affirmative, 
any findings and recommendations for import relief made under 
subsection (c) and an explanation of the basis for each rec-
ommendation; and 
(3) any dissenting or separate views by members of the 
Commission regarding the determination referred to in para-
graph (1) and any finding or recommendation referred to in 
paragraph (2). 
(e) PUBLIC NOTICE.—Upon submitting a report to the President 
under subsection (d), the Commission shall promptly make public 
the report (with the exception of information which the Commission 
determines to be confidential) and shall publish a summary of 
the report in the Federal Register.
H. R. 3080—27 
SEC. 313. PROVISION OF RELIEF. 
(a) IN GENERAL.—Not later than the date that is 30 days 
after the date on which the President receives a report of the 
Commission in which the Commission’s determination under section 
312(a) is affirmative, or which contains a determination under 
section 312(a) that the President considers to be affirmative under 
paragraph (1) of section 330(d) of the Tariff Act of 1930 (19 U.S.C. 
1330(d)(1)), the President, subject to subsection (b), shall provide 
relief from imports of the article that is the subject of such deter-
mination to the extent that the President determines necessary 
to remedy or prevent the injury found by the Commission and 
to facilitate the efforts of the domestic industry to make a positive 
adjustment to import competition. 
(b) EXCEPTION.—The President is not required to provide import 
relief under this section if the President determines that the provi-
sion of the import relief will not provide greater economic and 
social benefits than costs. 
(c) NATURE OF RELIEF.— 
(1) IN GENERAL.—Except as provided in paragraph (2), the 
import relief that the President is authorized to provide under 
this section with respect to imports of an article is as follows: 
(A) The suspension of any further reduction provided 
for under Annex 2-B of the Agreement in the duty imposed 
on the article. 
(B) An increase in the rate of duty imposed on the 
article to a level that does not exceed the lesser of— 
(i) the column 1 general rate of duty imposed under 
the HTS on like articles at the time the import relief 
is provided; or 
(ii) the column 1 general rate of duty imposed 
under the HTS on like articles on the day before the 
date on which the Agreement enters into force. 
(2) DUTIES APPLIED ON A SEASONAL BASIS.—In the case 
of imports of an article to which a duty is applied on a seasonal 
basis, the import relief that the President is authorized to 
provide under this section is as follows: 
(A) The suspension of any further reduction provided 
for under Annex 2-B of the Agreement in the duty imposed 
on the article. 
(B) An increase in the rate of duty imposed on the 
article to a level that does not exceed the lesser of— 
(i) the column 1 general rate of duty imposed under 
the HTS on like articles for the corresponding season 
immediately preceding the date the import relief is 
provided; or 
(ii) the column 1 general rate of duty imposed 
under the HTS for the corresponding season imme-
diately preceding the date on which the Agreement 
enters into force. 
(3) PROGRESSIVE LIBERALIZATION.—If the period for which 
import relief is provided under this section is greater than 
1 year, the President shall provide for the progressive liberaliza-
tion (described in article 10.2.7 of the Agreement) of such 
relief at regular intervals during the period of its application. 
(d) PERIOD OF RELIEF.—
H. R. 3080—28 
(1) IN GENERAL.—Subject to paragraph (2), any import relief 
that the President provides under this section may not be 
in effect for more than 2 years. 
(2) EXTENSION.— 
(A) IN
GENERAL.—Subject to subparagraph (C), the 
President, after receiving a determination from the 
Commission under subparagraph (B) that is affirmative, 
or which the President considers to be affirmative under 
paragraph (1) of section 330(d) of the Tariff Act of 1930 
(19 U.S.C. 1330(d)(1)), may extend the effective period of 
any import relief provided under this section by up to 
1 year, if the President determines that— 
(i) the import relief continues to be necessary to 
remedy or prevent serious injury and to facilitate 
adjustment by the domestic industry to import competi-
tion; and 
(ii) there is evidence that the industry is making 
a positive adjustment to import competition. 
(B) ACTION BY COMMISSION.— 
(i) INVESTIGATION.—Upon a petition on behalf of 
the industry concerned that is filed with the Commis-
sion not earlier than the date that is 9 months, and 
not later than the date that is 6 months, before the 
date on which any action taken under subsection (a) 
is to terminate, the Commission shall conduct an inves-
tigation to determine whether action under this section 
continues to be necessary to remedy or prevent serious 
injury and whether there is evidence that the industry 
is making a positive adjustment to import competition. 
(ii) NOTICE AND HEARING.—The Commission shall 
publish notice of the commencement of any proceeding 
under this subparagraph in the Federal Register and 
shall, within a reasonable time thereafter, hold a public 
hearing at which the Commission shall afford 
interested parties and consumers an opportunity to 
be present, to present evidence, and to respond to 
the presentations of other parties and consumers, and 
otherwise to be heard. 
(iii) REPORT.—The Commission shall submit to the 
President a report on its investigation and determina-
tion under this subparagraph not later than 60 days 
before the action under subsection (a) is to terminate, 
unless the President specifies a different date. 
(C) PERIOD OF IMPORT RELIEF.—Any import relief pro-
vided under this section, including any extensions thereof, 
may not, in the aggregate, be in effect for more than 
3 years. 
(e) RATE AFTER TERMINATION OF IMPORT RELIEF.—Beginning 
on the date on which import relief under this section is terminated 
with respect to an article, the rate of duty on that article shall 
be the rate that would have been in effect but for the provision 
of such relief. 
(f) ARTICLES EXEMPT FROM RELIEF.—No import relief may be 
provided under this section on any article that is subject to import 
relief under— 
(1) subtitle B or C; or
H. R. 3080—29 
(2) chapter 1 of title II of the Trade Act of 1974 (19 
U.S.C. 2251 et seq.). 
SEC. 314. TERMINATION OF RELIEF AUTHORITY. 
(a) GENERAL RULE.—Subject to subsection (b), no import relief 
may be provided under this subtitle after the date that is 10 
years after the date on which the Agreement enters into force. 
(b) EXCEPTION.—If an article for which relief is provided under 
this subtitle is an article for which the period for tariff elimination, 
set forth in the Schedule of the United States to Annex 2-B of 
the Agreement, is greater than 10 years, no relief under this subtitle 
may be provided for that article after the date on which that 
period ends. 
(c) PRESIDENTIAL DETERMINATION.—Import relief may be pro-
vided under this subtitle in the case of a Korean article after 
the date on which such relief would, but for this subsection, termi-
nate under subsection (a) and (b), if the President determines 
that Korea has consented to such relief. 
SEC. 315. COMPENSATION AUTHORITY. 
For purposes of section 123 of the Trade Act of 1974 (19 
U.S.C. 2133), any import relief provided by the President under 
section 313 shall be treated as action taken under chapter 1 of 
title II of such Act (19 U.S.C. 2251 et seq.). 
SEC. 316. CONFIDENTIAL BUSINESS INFORMATION. 
Section 202(a)(8) of the Trade Act of 1974 (19 U.S.C. 2252(a)(8)) 
is amended in the first sentence— 
(1) by striking ‘‘and’’; and 
(2) by inserting before the period at the end ‘‘, and title 
III of the United States–Korea Free Trade Agreement 
Implementation Act’’. 
Subtitle B—Motor Vehicle Safeguard 
Measures 
SEC. 321. MOTOR VEHICLE SAFEGUARD MEASURES. 
The provisions of subtitle A shall apply with respect to a 
Korean motor vehicle article to the same extent that such provisions 
apply to Korean articles, except as follows: 
(1) Section 311(d) and paragraphs (2) and (3) of 313(c) 
shall not apply. 
(2) Section 313(d)(2)(A) shall be applied and administered 
by substituting ‘‘2 years’’ for ‘‘1 year’’. 
(3) Section 313(d)(2)(C) shall be applied and administered 
by substituting ‘‘4 years’’ for ‘‘3 years’’. 
(4) Section 313(f)(1) shall be applied and administered by 
substituting ‘‘subtitle A’’ for ‘‘subtitle B or C’’. 
(5) Section 314(b) shall be applied and administered as 
if such section read as follows: 
‘‘(b) EXCEPTION.—Import relief may be provided under this 
subtitle with respect to a Korean motor vehicle article during any 
period before the date that is 10 years after the date on which 
duties on the article are eliminated, as set forth in section 201(d), 
or, if the article is not referred to in section 201(d), the Schedule 
of the United States to Annex 2-B of the Agreement.’’.
H. R. 3080—30 
Subtitle C—Textile and Apparel Safeguard 
Measures 
SEC. 331. COMMENCEMENT OF ACTION FOR RELIEF. 
(a) IN GENERAL.—A request for action under this subtitle for 
the purpose of adjusting to the obligations of the United States 
under the Agreement may be filed with the President by an 
interested party. Upon the filing of a request, the President shall 
review the request to determine, from information presented in 
the request, whether to commence consideration of the request. 
(b) PUBLICATION OF REQUEST.—If the President determines that 
the request under subsection (a) provides the information necessary 
for the request to be considered, the President shall publish in 
the Federal Register a notice of commencement of consideration 
of the request, and notice seeking public comments regarding the 
request. The notice shall include a summary of the request and 
the dates by which comments and rebuttals must be received. 
SEC. 332. DETERMINATION AND PROVISION OF RELIEF. 
(a) DETERMINATION.— 
(1) IN GENERAL.—If a positive determination is made under 
section 331(b), the President shall determine whether, as a 
result of the reduction or elimination of a duty under the 
Agreement, a Korean textile or apparel article is being imported 
into the United States in such increased quantities, in absolute 
terms or relative to the domestic market for that article, and 
under such conditions as to cause serious damage, or actual 
threat thereof, to a domestic industry producing an article 
that is like, or directly competitive with, the imported article. 
(2) SERIOUS DAMAGE.—In making a determination under 
paragraph (1), the President— 
(A) shall examine the effect of increased imports on 
the domestic industry, as reflected in changes in such rel-
evant economic factors as output, productivity, utilization 
of capacity, inventories, market share, exports, wages, 
employment, domestic prices, profits, and investment, no 
one of which is necessarily decisive; and 
(B) shall not consider changes in technology or con-
sumer preference as factors supporting a determination 
of serious damage or actual threat thereof. 
(b) PROVISION OF RELIEF.— 
(1) IN GENERAL.—If a determination under subsection (a) 
is affirmative, the President may provide relief from imports 
of the article that is the subject of such determination, as 
provided in paragraph (2), to the extent that the President 
determines necessary to remedy or prevent the serious damage 
and to facilitate adjustment by the domestic industry. 
(2) NATURE OF RELIEF.—The relief that the President is 
authorized to provide under this subsection with respect to 
imports of an article is— 
(A) the suspension of any further reduction provided 
for under Annex 2-B of the Agreement in the duty imposed 
on the article; or 
(B) an increase in the rate of duty imposed on the 
article to a level that does not exceed the lesser of—
H. R. 3080—31 
(i) the column 1 general rate of duty imposed under 
the HTS on like articles at the time the import relief 
is provided; or 
(ii) the column 1 general rate of duty imposed 
under the HTS on like articles on the day before the 
date on which the Agreement enters into force. 
SEC. 333. PERIOD OF RELIEF. 
(a) IN GENERAL.—Subject to subsection (b), the import relief 
that the President provides under section 332(b) may not be in 
effect for more than 2 years. 
(b) EXTENSION.— 
(1) IN GENERAL.—Subject to paragraph (2), the President 
may extend the effective period of any import relief provided 
under this subtitle for a period of not more than 2 years, 
if the President determines that— 
(A) the import relief continues to be necessary to 
remedy or prevent serious damage and to facilitate adjust-
ment by the domestic industry to import competition; and 
(B) there is evidence that the industry is making a 
positive adjustment to import competition. 
(2) LIMITATION.—Any relief provided under this subtitle, 
including any extensions thereof, may not, in the aggregate, 
be in effect for more than 4 years. 
SEC. 334. ARTICLES EXEMPT FROM RELIEF. 
The President may not provide import relief under this subtitle 
with respect to an article if— 
(1) import relief previously has been provided under this 
subtitle with respect to that article; or 
(2) the article is subject to import relief under— 
(A) subtitle A; or 
(B) chapter 1 of title II of the Trade Act of 1974 
(19 U.S.C. 2251 et seq.). 
SEC. 335. RATE AFTER TERMINATION OF IMPORT RELIEF. 
On the date on which import relief under this subtitle is termi-
nated with respect to an article, the rate of duty on that article 
shall be the rate that would have been in effect but for the provision 
of such relief. 
SEC. 336. TERMINATION OF RELIEF AUTHORITY. 
No import relief may be provided under this subtitle with 
respect to any article after the date that is 10 years after the 
date on which duties on the article are eliminated pursuant to 
the Agreement. 
SEC. 337. COMPENSATION AUTHORITY. 
For purposes of section 123 of the Trade Act of 1974 (19 
U.S.C. 2133), any import relief provided by the President under 
this subtitle shall be treated as action taken under chapter 1 
of title II of such Act (19 U.S.C. 2251 et seq.). 
SEC. 338. CONFIDENTIAL BUSINESS INFORMATION. 
The President may not release information received in connec-
tion with an investigation or determination under this subtitle 
which the President considers to be confidential business informa-
tion unless the party submitting the confidential business informa-
tion had notice, at the time of submission, that such information
H. R. 3080—32 
would be released by the President, or such party subsequently 
consents to the release of the information. To the extent a party 
submits confidential business information, the party shall also pro-
vide a nonconfidential version of the information in which the 
confidential business information is summarized or, if necessary, 
deleted. 
Subtitle D—Cases Under Title II of the 
Trade Act of 1974 
SEC. 341. FINDINGS AND ACTION ON KOREAN ARTICLES. 
(a) EFFECT OF IMPORTS.—If, in any investigation initiated under 
chapter 1 of title II of the Trade Act of 1974 (19 U.S.C. 2251 
et seq.), the Commission makes an affirmative determination (or 
a determination which the President may treat as an affirmative 
determination under such chapter by reason of section 330(d) of 
the Tariff Act of 1930 (19 U.S.C. 1330(d))), the Commission shall 
also find (and report to the President at the time such injury 
determination is submitted to the President) whether imports of 
the Korean article are a substantial cause of serious injury or 
threat thereof. 
(b) PRESIDENTIAL DETERMINATION REGARDING KOREAN ARTI-
CLES.—In determining the nature and extent of action to be taken 
under chapter 1 of title II of the Trade Act of 1974 (19 U.S.C. 
2251 et seq.), the President may exclude from the action Korean 
articles with respect to which the Commission has made a negative 
finding under subsection (a). 
TITLE IV—PROCUREMENT 
SEC. 401. ELIGIBLE PRODUCTS. 
Section 308(4)(A) of the Trade Agreements Act of 1979 (19 
U.S.C. 2518(4)(A)) is amended— 
(1) by striking ‘‘or’’ at the end of clause (vi); 
(2) by striking the period at the end of clause (vii) and 
inserting ‘‘; or’’; and 
(3) by adding at the end the following new clause: 
‘‘(viii) a party to the United States–Korea Free 
Trade Agreement, a product or service of that country 
or instrumentality which is covered under that agree-
ment for procurement by the United States.’’. 
TITLE V—OFFSETS 
SEC. 501. INCREASE IN PENALTY ON PAID PREPARERS WHO FAIL TO 
COMPLY WITH EARNED INCOME TAX CREDIT DUE DILI-
GENCE REQUIREMENTS. 
(a) IN GENERAL.—Section 6695(g) of the Internal Revenue Code 
of 1986 is amended by striking ‘‘$100’’ and inserting ‘‘$500’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to returns required to be filed after December 31, 
2011.
H. R. 3080—33 
SEC. 502. REQUIREMENT FOR PRISONS LOCATED IN THE UNITED 
STATES TO PROVIDE INFORMATION FOR TAX ADMINISTRA-
TION. 
(a) IN GENERAL.—Subchapter B of chapter 61 of the Internal 
Revenue Code of 1986 is amended by redesignating section 6116 
as section 6117 and by inserting after section 6115 the following 
new section: 
‘‘SEC. 6116. REQUIREMENT FOR PRISONS LOCATED IN UNITED STATES 
TO PROVIDE INFORMATION FOR TAX ADMINISTRATION. 
‘‘(a) IN GENERAL.—Not later than September 15, 2012, and 
annually thereafter, the head of the Federal Bureau of Prisons 
and the head of any State agency charged with the responsibility 
for administration of prisons shall provide to the Secretary in 
electronic format a list with the information described in subsection 
(b) of all the inmates incarcerated within the prison system for 
any part of the prior 2 calendar years or the current calendar 
year through August 31. 
‘‘(b) INFORMATION.—The information with respect to each 
inmate is— 
‘‘(1) first, middle, and last name, 
‘‘(2) date of birth, 
‘‘(3) institution of current incarceration or, for released 
inmates, most recent incarceration, 
‘‘(4) prison assigned inmate number, 
‘‘(5) the date of incarceration, 
‘‘(6) the date of release or anticipated date of release, 
‘‘(7) the date of work release, 
‘‘(8) taxpayer identification number and whether the prison 
has verified such number, 
‘‘(9) last known address, and 
‘‘(10) any additional information as the Secretary may 
request. 
‘‘(c) FORMAT.—The Secretary shall determine the electronic for-
mat of the information described in subsection (b).’’. 
(b) CLERICAL AMENDMENT.—The table of sections for such sub-
chapter is amended by striking the item relating to section 6116 
and by adding at the end the following new items: 
‘‘Sec. 6116. Requirement for prisons located in United States to provide information 
for tax administration. 
‘‘Sec. 6117. Cross reference.’’. 
SEC. 503. RATE FOR MERCHANDISE PROCESSING FEES. 
For the period beginning on December 1, 2015, and ending 
on June 30, 2021, section 13031(a)(9) of the Consolidated Omnibus 
Budget Reconciliation Act of 1985 (19 U.S.C. 58c(a)(9)) shall be 
applied and administered— 
(1) in subparagraph (A), by substituting ‘‘0.3464’’ for ‘‘0.21’’; 
and 
(2) in subparagraph (B)(i), by substituting ‘‘0.3464’’ for 
‘‘0.21’’. 
SEC. 504. EXTENSION OF CUSTOMS USER FEES. 
(a) IN GENERAL.—Section 13031(j)(3)(A) of the Consolidated 
Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)(A)) 
is amended by striking ‘‘January 7, 2020’’ and inserting ‘‘August 
2, 2021’’.
H. R. 3080—34 
(b) OTHER FEES.—Section 13031(j)(3)(B)(i) of the Consolidated 
Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)(B)(i)) 
is amended by striking ‘‘January 14, 2020’’ and inserting ‘‘December 
8, 2020’’. 
SEC. 505. TIME FOR PAYMENT OF CORPORATE ESTIMATED TAXES. 
Notwithstanding section 6655 of the Internal Revenue Code 
of 1986, 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)— 
(1) the amount of any required installment of corporate 
estimated tax which is otherwise due in July, August, or Sep-
tember of 2012 shall be increased by 0.25 percent of such 
amount (determined without regard to any increase in such 
amount not contained in such Code); 
(2) the amount of any required installment of corporate 
estimated tax which is otherwise due in July, August, or Sep-
tember of 2016 shall be increased by 2.75 percent of such 
amount (determined without regard to any increase in such 
amount not contained in such Code); and 
(3) the amount of the next required installment after an 
installment referred to in paragraph (1) or (2) shall be appro-
priately reduced to reflect the amount of the increase by reason 
of such paragraph. 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.