3.0.0 2369 2023-01-11T13:36:48Z 2023-01-11T13:36:48Z House HR 2017-05-04 115 [Congressional Record Volume 163, Number 77 (Thursday, May 4, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. FRANKEL of Florida:H.R. 2369.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clauses 1, 3, and 18 of the UnitedStates Constitution, which respectively grants Congress thepower to lay and collect duties and imposts, to regulatecommerce with foreign nations, and to make all laws whichshall be necessary and proper for the execution of thosepowers.[Page H4179]]]> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2017-05-18T16:35:40Z Referred to 2017-05-04T13:00:10Z 2017-05-18 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2017-05-04 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-05-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-04 Introduced in House IntroReferral 1000 9 Library of Congress F000462 Rep. Frankel, Lois [D-FL-21] Lois Frankel D FL 21 N Y000065 Rep. Yoho, Ted S. [R-FL-3] Ted Yoho R FL S. 3 2017-05-04 True R000607 Rep. Rooney, Francis [R-FL-19] Francis Rooney R FL 19 2017-05-04 True D000610 Rep. Deutch, Theodore E. [D-FL-22] Theodore Deutch D FL E. 22 2017-05-04 True D000600 Rep. Diaz-Balart, Mario [R-FL-25] Mario Diaz-Balart R FL 25 2017-05-04 True H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2017-05-04 True D000621 Rep. DeSantis, Ron [R-FL-6] Ron DeSantis R FL 6 2017-05-04 True R000583 Rep. Rooney, Thomas J. [R-FL-17] Thomas Rooney R FL J. 17 2017-05-04 True M001199 Rep. Mast, Brian J. [R-FL-18] Brian Mast R FL J. 18 2017-05-04 True R000435 Rep. Ros-Lehtinen, Ileana [R-FL-27] ILEANA ROS-LEHTINEN R FL 27 2017-05-16 False W000806 Rep. Webster, Daniel [R-FL-11] Daniel Webster R FL 11 2017-05-19 False H001052 Rep. Harris, Andy [R-MD-1] Andy Harris R MD 1 2017-05-19 False R000609 Rep. Rutherford, John H. [R-FL-4] John Rutherford R FL H. 4 2017-05-25 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2017-05-25 False B001257 Rep. Bilirakis, Gus M. [R-FL-12] Gus Bilirakis R FL M. 12 2017-07-12 False W000797 Rep. Wasserman Schultz, Debbie [D-FL-23] Debbie Wasserman Schultz D FL 23 2018-05-10 False Foreign Trade and International Finance Marine and inland water transportation Tariffs Foreign Trade and International Finance 00 2017-05-04 Introduced in House 2017-06-27T12:08:18Z This bill amends the Tariff Act of 1930 to repeal the deferral until sale of the duty on large yachts imported for sale at U.S. boat shows.

Any used yacht with a valid U.S. cruising license, instead, may enter, may be offered for sale in, and may remain in, the U.S. customs territory without the payment of duty, but subject to certain conditions.

If the used yacht, while in the U.S. customs territory, is sold to a U.S. resident:

  • entry of the used yacht shall be completed and duty shall be deposited with U.S. Customs and Border Protection (CBP) within 15 days after completion of the sale, and
  • by the same deadline any yacht broker or dealer involved in the sale must collect and remit that duty to the CBP.

The duty on the sale of that yacht shall be:

  • calculated at the applicable rate under the Harmonized Tariff Schedule of the United States, and
  • based upon the yacht's value at the time of sale.

No posting of bond for this duty may be required upon the used yacht's entry into the U.S. customs territory.

]]> To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain used yachts, and for other purposes. Display Title To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain used yachts, and for other purposes. Official Title as Introduced To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain used yachts, and for other purposes. Introduced in House IH Introduced in House 2017-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2369ih/xml/BILLS-115hr2369ih.xml 2017-05-18 Referred to the Subcommittee on Trade. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.