[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 641 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 641

   To provide for additional extension periods for reexportation of 
     certain articles admitted temporarily free of duty under bond.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               March 23 (legislative day, March 3), 1993

 Mr. Bradley (for himself and Mr. Lautenberg) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To provide for additional extension periods for reexportation of 
     certain articles 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. REEXPORTATIONS OF COMMUNICATIONS SATELLITE ARTICLES.

    (a)  In General.--
            (1) Extension.--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) Effective date.--The amendments made by paragraph (1) 
        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 date that is 3 years before the date of 
the enactment of this Act 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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