[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 949 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                 S. 949

To require the payment of interest on amounts owed by the United States 
   pursuant to the reliquidation of certain entries under the Tariff 
   Suspension and Trade Act of 2000 and the Miscellaneous Trade and 
                   Technical Corrections Act of 2004.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 28, 2005

 Mr. Schumer (for himself, Mrs. Clinton, and Mr. Kerry) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
To require the payment of interest on amounts owed by the United States 
   pursuant to the reliquidation of certain entries under the Tariff 
   Suspension and Trade Act of 2000 and the Miscellaneous Trade and 
                   Technical Corrections Act of 2004.

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

SECTION 1. PAYMENT OF INTEREST ON AMOUNTS OWED PURSUANT TO THE 
              RELIQUIDATION OF CERTAIN ENTRIES.

    (a) Amendments.--Sections 1404(b), 1405(b), and subsection (c) of 
each of sections 1408 through 1411 of the Tariff Suspension and Trade 
Act of 2000 (Public Law 106-476; 19 U.S.C. 1654 note) and subsection 
(c) of each of sections 1517 through 1536 of the Miscellaneous Trade 
and Technical Corrections Act of 2004 (Public Law 108-429; 19 U.S.C. 
1654 note) are amended by inserting ``, with interest provided for by 
law on the liquidation or reliquidation of the entries.'' after ``under 
subsection (a)''.
    (b) Reliquidation and Payment of Interest.--Not later than 90 days 
after the date of the enactment of this Act, the Commissioner of the 
Bureau of Customs and Border Protection of the Department of Homeland 
Security shall--
            (1) reliquidate each of the entries specified in the 
        provisions of law amended by subsection (a); and
            (2) provide payment of interest owed by the United States 
        by reason of the amendments made by subsection (a) for the 
        period beginning on the date of deposit of estimated duties and 
        ending on the date of reliquidation under paragraph (1).
                                 <all>