[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1457 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                S. 1457

To amend the Harmonized Tariff Schedule of the United States to extend 
 to certain fine jewelry certain trade benefits of insular possessions 
                         of the United States.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            November 8, 1997

 Ms. Moseley-Braun introduced the following bill; which was read twice 
                and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Harmonized Tariff Schedule of the United States to extend 
 to certain fine jewelry certain trade benefits of insular possessions 
                         of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That the additional 
U.S. notes to chapter 71 of the Harmonized Tariff Schedule of the 
United States are amended by adding at the end the following new note:
    ``3.(a) Notwithstanding any other provision in additional U.S. note 
5 to chapter 91, any article of jewelry provided for in heading 7113 
which is the product of the Virgin Islands, Guam, or American Samoa 
(including any such article which contains any foreign component) shall 
be eligible for the benefits provided in paragraph (h) of additional 
U.S. note 5 to chapter 91, subject to the provisions and limitations of 
that note and of paragraphs (b), (c), and (d) of this note.
    ``(b) Nothing provided for in this note shall result in an increase 
or a decrease in the aggregate amount referred to in paragraph (h)(iii) 
of, or quantitative limitation otherwise established pursuant to the 
requirements of, additional U.S. note 5 to chapter 91.
    ``(c) Nothing provided for in this note shall be construed to 
permit a reduction in the amount available to watch producers under 
paragraph (h)(iv) of additional U.S. note 5 to chapter 91.
    ``(d) The Secretary of Commerce and the Secretary of the Interior 
shall issue such regulations, not inconsistent with the provisions of 
this note and additional U.S. note 5 to chapter 91, as they determine 
necessary to carry out their respective duties under this note. Such 
regulations shall not be inconsistent with substantial transformation 
requirements established by the United States Customs Service but may 
define the circumstances under which articles of jewelry shall be 
deemed to be `units' for purposes of the benefits, provisions, and 
limitations of additional U.S. note 5 to chapter 91.''.
                                 <all>