A bill to make a technical correction relating to the treatment of refunds of merchandise processing fees under the United States-Mexico-Canada Agreement Implementation Act.

Bill: 116-s-3876
Sponsor: full_name: Sen. Scott, Tim [R-SC]
Introduced: 2020-06-03
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2020-06-03
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2020-06-03
action_desc: Introduced in Senate
text: <p>This bill authorizes U.S. Customs and Border Protection (CBP) to refund any merchandise processing fees when an imported good is reliquidated to refund excess duties under the United States-Mexico-Canada Agreement.</p> <p>A merchandise processing fee is a processing fee assessed by CBP based on the value of the merchandise being imported, not including duty, freight, and insurance charges. Currently, a merchandise processing fee may not be refunded when an imported good is reliquidated to refund excess duties.</p>

tv_txt: II 116th CONGRESS 2d Session S. 3876 IN THE SENATE OF THE UNITED STATES June 3, 2020 Mr. Scott of South Carolina introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To make a technical correction relating to the treatment of refunds of merchandise processing fees under the United States-Mexico-Canada Agreement Implementation Act.

1. Technical correction relating to refunds of merchandise processing fees (a) Reliquidation of entries Section 205(a)(1) of the United States-Mexico-Canada Agreement Implementation Act ( Public Law 116–113 ) is amended by striking subparagraph (C) and inserting the following: (C) by striking for which and inserting , or section 202 of the United States-Mexico-Canada Agreement Implementation Act, for which ; and . (b) Effective date The amendment made by subsection (a) shall take effect as if included in the enactment of the United States-Mexico-Canada Agreement Implementation Act.