To provide for retroactive application of Generalized System of Preferences for the period after December 31, 2020, and before September 1, 2022.
Bill: H.R.8906 | Sponsor: Rep. Wasserman Schultz, Debbie (D-FL)
Policy area: Foreign Trade and International Finance

Summary:
This bill retroactively applies the Generalized System of Preferences (a U.S. trade preference program that provides duty-free access to imports on products from certain developing countries) for the period after December 31, 2020, and before September 1, 2022. These covered articles shall be liquidated or reliquidated as though entry occurred on December 31, 2020.
A request for liquidation or reliquidation must be filed with U.S. Customs and Border Protection (CBP) and such request must contain sufficient information for CBP to locate the entry or, if the entry cannot be located, reconstruct the entry.
Any amounts owed by the United States pursuant to liquidation or reliquidation of an entry of a covered article shall be paid without interest.

To provide for retroactive application of Generalized System of 
    Preferences for the period after December 31, 2020, and before 
                           September 1, 2022.

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

SECTION 1. RETROACTIVE APPLICATION OF GENERALIZED SYSTEM OF PREFERENCES 
              FOR THE PERIOD AFTER DECEMBER 31, 2020, AND BEFORE 
              SEPTEMBER 1, 2022.

    (a) In General.--Notwithstanding section 505 of the Trade Act of 
1974 (19 U.S.C. 2465), section 514 of the Tariff Act of 1930 (19 U.S.C. 
1514), or any other provision of law and subject to subsection (b), any 
entry of a covered article to which duty-free treatment or other 
preferential treatment under title V of the Trade Act of 1974 (19 
U.S.C. 2461 et seq.) would have applied if the entry had been made on 
December 31, 2020, that was made--
            (1) after December 31, 2020, and
            (2) before September 1, 2022,
shall be liquidated or reliquidated as though such entry occurred on 
December 31, 2020.
    (b) Requests.--A liquidation or reliquidation may be made under 
subsection (a) with respect to an entry only if a request therefor is 
filed with U.S. Customs and Border Protection not later than 180 days 
after the date of the enactment of this Act that contains sufficient 
information to enable U.S. Customs and Border Protection--
            (1) to locate the entry; or
            (2) to reconstruct the entry if it cannot be located.
    (c) Payment of Amounts Owed.--Any amounts owed by the United States 
pursuant to the liquidation or reliquidation of an entry of a covered 
article under subsection (a) shall be paid, without interest, not later 
than 90 days after the date of the liquidation or reliquidation (as the 
case may be).
    (d) Definitions.--In this section:
            (1) Covered article.--The term ``covered article'' means an 
        article from a country that is a beneficiary developing country 
        under title V of the Trade Act of (19 U.S.C. 2461 et seq.) as 
        of December 31, 2020.
            (2) Enter; entry.--The terms ``enter'' and ``entry'' 
        include a withdrawal from warehouse for consumption.
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