1.
This Act may be cited as the
New Shipper Review Amendment Act of
2005
.
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.
3.
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.