[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 695 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                 S. 695

         To suspend temporarily new shipper bonding privileges.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 4, 2005

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

_______________________________________________________________________

                                 A BILL


 
         To suspend temporarily new shipper bonding privileges.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``New Shipper Review Amendment Act of 
2005''.

SEC. 2. TEMPORARY SUSPENSION OF NEW SHIPPER BONDING PRIVILEGES.

    Clause (iii) of section 751(a)(2)(B) of the Tariff Act of 1930 (19 
U.S.C. 1675(a)(2)(B)(iii)) shall not be effective during the 3-year 
period beginning on the date of the enactment of this Act.

SEC. 3. REPORT TO CONGRESS.

    Not later than 2 years after the date of the enactment of this Act, 
the Secretary of Commerce, in consultation with the Secretary of the 
Treasury, the United States Trade Representative, and the Commissioner 
of Customs and Border Protection, shall submit to the Committee on 
Finance of the Senate and the Committee on Ways and Means of the House 
of Representatives a report containing--
            (1) recommendations on whether the suspension of the 
        effectiveness of section 751(a)(2)(B)(iii) of the Tariff Act of 
        1930 should be extended beyond the date provided in section 2 
        of this Act; and
            (2) assessments of the effectiveness of any administrative 
        measures that have been implemented to address the difficulties 
        giving rise to section 2 of this Act, including--
                    (A) problems in assuring the collection of 
                antidumping duties on imports from new shippers;
                    (B) administrative burdens imposed on the 
                Department of Commerce by new shipper reviews; and
                    (C) the use of the bonding privilege by importers 
                from new shippers to circumvent the effect of 
                antidumping duty orders.
                                 <all>