[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1371 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1371

 To provide for additional extension periods, not exceeding 2 years in 
 the aggregate, in the time allowed for reexportation of certain goods 
             admitted temporarily free of duty under bond.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 1993

   Mr. Smith of New Jersey introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To provide for additional extension periods, not exceeding 2 years in 
 the aggregate, in the time allowed for reexportation of certain goods 
             admitted temporarily free of duty under bond.

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

SECTION 1. REEXPORTATION OF COMMUNICATIONS SATELLITE ARTICLES.

    (a) In General.--(1) The first sentence of U.S. Note 1(a) to 
subchapter XIII of chapter 98 of the Harmonized Tariff Schedule of the 
United States is amended--
            (A) by striking ``and (2)'' and inserting ``(2)''; and
            (B) by striking the period at the end and inserting the 
        following: ``, and (3) for articles imported under heading 
        9813.00.05, the time for exportation may be extended for 1 or 
        more further periods which, when added to the initial 1 year, 
        shall not exceed a total of 5 years, but any application for an 
        extension beyond the 3rd year must be accompanied by the 
        importer's certification that the articles are dedicated for 
        incorporation into a communications satellite.''.
    (2) The amendments made by subsection (a) apply with respect to 
goods entered on or after the date that is 3 years before the date of 
the enactment of this Act.
    (b) Expedited Mitigation of Penalty Assessments on Reexportations 
Delayed by Launch System Failures.--Goods imported under heading 
9813.00.05 of the Harmonized Tariff Schedule of the United States after 
January 1, 1983, and before the effective date established under 
subsection (a)(2) that are certified by the importer--
            (1) as having been dedicated for incorporation into a 
        communications satellite; and
            (2) as not having been exported within the time required 
        for exportation under the applicable bond directly or 
        indirectly as a result of launch schedule delays resulting from 
        any launch failure, launch system failure, or technical delay;
are subject to liquidated damages not exceeding 1 percent of the 
liquidated damages established in the applicable bond.

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