China Trade Cheating Restitution Act of 2023

Bill: 118-s-1904
Sponsor: full_name: Sen. Tester, Jon [D-MT]
Introduced: 2023-06-08
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2023-06-08
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2023-06-08
action_desc: Introduced in Senate
text: <p><strong>China Trade Cheating Restitution Act of </strong><b>2023</b></p> <p>This bill requires the deposit into special accounts of certain interest earned on antidumping and countervailing duties collected by U.S. Customs and Border Protection on or after October 1, 2000. Currently, the applicable date is October 1, 2014. Amounts in special accounts are distributed to affected domestic producers.</p>

tv_txt: II 118th CONGRESS 1st Session S. 1904 IN THE SENATE OF THE UNITED STATES June 8, 2023 Mr. Tester (for himself, Mr. Cassidy , Mr. Grassley , Mr. Thune , and Ms. Stabenow ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Trade Facilitation and Trade Enforcement Act of 2015 to modify the description of interest for purposes of certain distributions of antidumping duties and countervailing duties, and for other purposes.

1. Short title This Act may be cited as the China Trade Cheating Restitution Act of 2023 . 2. Modification of description of interest for purposes of certain distributions of antidumping duties and countervailing duties (a) In general Section 605(c)(1) of the Trade Facilitation and Trade Enforcement Act of 2015 ( 19 U.S.C. 4401(c)(1) ) is amended— (1) by striking subparagraphs (A) and (B); and (2) by striking October 1, 2014, by U.S. Customs and Border Protection under, or in connection with— and inserting October 1, 2000, by U.S. Customs and Border Protection. . (b) Funding In carrying out the amendments made by subsection (a), the Commissioner of U.S. Customs and Border Protection may use amounts available in the Refund of Moneys Erroneously Received and Covered account of the Department of the Treasury.