1.Short title; table of
contents
(a)This Act may be cited
as the Restore American Jobs Act of
2010
.
(b)
Sec. 1. Short title; table of contents.
Title I—Small Business Jobs and Tax Relief
Sec. 101. Extend temporary bonus depreciation for certain
property.
Sec. 102. Increase in amount allowed as deduction for start-up
expenditures.
Sec. 103. Removal of cellular telephones (or similar
telecommunications equipment) from listed property.
Sec. 104. Nonrecourse Small Business Investment Company loans
from the Small Business Administration treated as amounts at risk.
Sec. 105. Temporary exclusion of 100 percent of gain on certain
small business stock.
Title II—Small Business Paperwork Mandate Elimination
Sec. 201. Repeal of expansion of information reporting
requirements.
Title III—Small Business Lending
Sec. 301. Research credit.
Title IV—National Right-to-Work
Sec. 401. Amendments to the national labor relations
Act.
Sec. 402. Amendment to the Railway Labor Act.
Title V—Economic Freedom
Sec. 501. Zero percent capital gains rate for individuals and
corporations.
Sec. 502. Reduction in corporate income tax rates.
Sec. 503. Estate tax repeal made permanent.
Sec. 504. Election to expense business assets.
Sec. 505. Payroll Tax Decrease for 2010.
Sec. 506. Rescission and repeal in ARRA.
Sec. 507. Termination of TARP authority.
Sec. 508. Requiring the sale of stock and warrants received
under TARP.
Title VI—United States-Colombia Trade Promotion
Agreement
Subtitle A—General provisions
Sec. 601. Short title.
Sec. 602. Purposes.
Sec. 603. Definitions.
Subtitle B—Approval of, and General Provisions Relating to,
the Agreement
Sec. 611. Approval and entry into force of the
agreement.
Sec. 612. Relationship of the Agreement to United States and
State law.
Sec. 613. Implementing actions in anticipation of entry into
force and initial regulations.
Sec. 614. Consultation and layover provisions for, and
effective date of, proclaimed actions.
Sec. 615. Administration of Dispute Settlement
proceedings.
Sec. 616. Arbitration of claims.
Sec. 617. Effective dates; effect of termination.
Subtitle C—Customs Provisions
Sec. 621. Tariff modifications.
Sec. 622. Additional duties on certain agricultural
goods.
Sec. 623. Rules of origin.
Sec. 624. Customs user fees.
Sec. 625. Disclosure of incorrect information; false
certifications of origin; denial of preferential tariff treatment.
Sec. 626. Reliquidation of entries.
Sec. 627. Recordkeeping requirements.
Sec. 628. Enforcement relating to trade in textile or apparel
goods.
Sec. 629. Regulations.
Subtitle D—Relief From Imports
Sec. 631. Definitions.
Chapter 1—Relief From Imports Benefiting
From the Agreement
Sec. 641. Commencing of action for relief.
Sec. 642. Commission action on petition.
Sec. 643. Provision of relief.
Sec. 644. Termination of relief authority.
Sec. 645. Compensation authority.
Sec. 646. Confidential business information.
Chapter 2—Textile and Apparel Safeguard Measures
Sec. 651. Commencement of action for relief.
Sec. 652. Determination and provision of relief.
Sec. 653. Period of relief.
Sec. 654. Articles exempt from relief.
Sec. 655. Rate after termination of import relief.
Sec. 656. Termination of relief authority.
Sec. 657. Compensation authority.
Sec. 658. Confidential business information.
Chapter 3—Cases Under Title II
of the Trade Act of 1974
Sec. 661. Findings and action on goods of Colombia.
Subtitle E—Procurement
Sec. 671. Eligible products.
Subtitle F—Offsets
Sec. 681. Customs user fees.
Sec. 682. Time for payment of corporate estimated
taxes.
Title VII—United States-Panama Free Trade Agreement and United
States-Korea Free Trade Agreement
Sec. 701. Sense of Congress.
Title VIII—Repeal of Patient Protection and Affordable Care
Act
Sec. 801. Repeal.
<enum>I</enum><header>Small
Business Jobs and Tax Relief</header>
<section id="HB2AFC44D82894D7F9B3033171A26D344"><enum>101.</enum><header>Extend
temporary bonus depreciation for certain property</header>
<subsection id="HC2360E27C4E54DFDB4031B1385209581"><enum>(a)</enum><header>Extension of
special allowance</header>
<paragraph id="H08EF6AEA77E4492A8BBF5B09A6413AB5"><enum>(1)</enum><header>In
general</header><text>Paragraph (2) of section 168(k) of the Internal Revenue
Code of 1986 is amended—</text>
<subparagraph id="H259FC579D842475EA00921A44ADA4D79"><enum>(A)</enum><text>by striking
<quote>January 1, 2011</quote> and inserting <quote>January 1, 2012</quote>,
and</text>
</subparagraph><subparagraph id="HE618D1E50F9843AF9B4D5A2802CA1C30"><enum>(B)</enum><text>by striking
<quote>January 1, 2010</quote> each place it appears and inserting
<quote>January 1, 2011</quote>.</text>
</subparagraph></paragraph><paragraph id="H10AE2A9126B542CEB3B7943E773B9A33"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="H33E2F5A8BBEE49CEB17244207096D994"><enum>(A)</enum><text>The heading for
subsection (k) of section 168 of such Code is amended by striking
<quote><header-in-text level="subsection" style="OLC">January 1,
2010</header-in-text></quote> and inserting <quote><header-in-text level="subsection" style="OLC">January 1, 2011</header-in-text></quote>.</text>
</subparagraph><subparagraph id="HD938AB099D2442FF9E4D169562289AFA"><enum>(B)</enum><text>The heading for
clause (ii) of section 168(k)(2)(B) of such Code is amended by striking
<quote><header-in-text level="clause" style="OLC">pre-January 1,
2010</header-in-text></quote> and inserting <quote><header-in-text level="clause" style="OLC">pre-January 1, 2011</header-in-text></quote>.</text>
</subparagraph><subparagraph id="H81F0A5766015425AB027BB2F3914B2DE"><enum>(C)</enum><text>Subparagraph (B)
of section 168(l)(5) of such Code is amended by striking <quote>January 1,
2010</quote> and inserting <quote>January 1, 2011</quote>.</text>
</subparagraph><subparagraph id="H3EE2EE4E4CFF49A18346D8F326E95F91"><enum>(D)</enum><text>Subparagraph (C)
of section 168(n)(2) of such Code is amended by striking <quote>January 1,
2010</quote> and inserting <quote>January 1, 2011</quote>.</text>
</subparagraph><subparagraph id="H8DF21E33AD7F4175873340E3B82A037A"><enum>(E)</enum><text>Subparagraph (B)
of section 1400N(d)(3) of such Code is amended by striking <quote>January 1,
2010</quote> and inserting <quote>January 1, 2011</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H8DC3D8EF53A149A485FFFF20607A6B82"><enum>(b)</enum><header>Extension of
election To accelerate the AMT and research credits in lieu of bonus
depreciation</header><text>Section 168(k)(4) of such Code (relating to election
to accelerate the AMT and research credits in lieu of bonus depreciation) is
amended—</text>
<paragraph id="H751B646AED21460E8C785CAC0DB246B7"><enum>(1)</enum><text>by striking
<quote>2009</quote> and inserting <quote>2010</quote> in subparagraph (D)(iii)
(as redesignated by subsection (a)(3)), and</text>
</paragraph><paragraph id="H09D61EAE3C3244B7A38B3983291C320E"><enum>(2)</enum><text>by adding at the
end the following new subparagraph:</text>
<quoted-block id="H2B96D61EE37E41C084DA9851920DE052" style="OLC">
<subparagraph id="H46E2B9721F014A53BEE337E1D3566795"><enum>(I)</enum><header>Special rules
for extension property</header>
<clause id="HC54E08BD22214D7ABDF8C3C27E4BF5B0"><enum>(i)</enum><header>Taxpayers
previously electing acceleration</header><text>In the case of a taxpayer who
made the election under subparagraph (A) for its first taxable year ending
after March 31, 2008—</text>
<subclause id="H21365D1EBCEA40FFA59D0D43662A707A"><enum>(I)</enum><text>the taxpayer may
elect not to have this paragraph apply to extension property, but</text>
</subclause><subclause id="HDB69E68BCADD42098557AB74EAB5FFF8"><enum>(II)</enum><text>if the taxpayer
does not make the election under subclause (I), in applying this paragraph to
the taxpayer a separate bonus depreciation amount, maximum amount, and maximum
increase amount shall be computed and applied to eligible qualified property
which is extension property and to eligible qualified property which is not
extension property.</text>
</subclause></clause><clause id="H613B1EA2D91A4C738089146D7BA6AA50"><enum>(ii)</enum><header>Taxpayers not
previously electing acceleration</header><text>In the case of a taxpayer who
did not make the election under subparagraph (A) for its first taxable year
ending after March 31, 2008—</text>
<subclause id="H7BDBD98FF7184541AA85C6C246184167"><enum>(I)</enum><text>the taxpayer may
elect to have this paragraph apply to its first taxable year ending after
December 31, 2009, and each subsequent taxable year, and</text>
</subclause><subclause id="H180FD02458684B64B4E7552589D17CB5"><enum>(II)</enum><text>if the taxpayer
makes the election under subclause (I), this paragraph shall only apply to
eligible qualified property which is extension property.</text>
</subclause></clause><clause id="H126C4EBD44CC4F39943F429AE2A5275C"><enum>(iii)</enum><header>Extension
property</header><text>For purposes of this subparagraph, the term
<term>extension property</term> means property which is eligible qualified
property solely by reason of the extension of the application of the special
allowance under paragraph (1) pursuant to the amendments made by section 101(a)
of the <short-title>Restore American Jobs Act of
2010</short-title> (and the application of such extension to this paragraph
pursuant to the amendment made by section 3(b)(1) of such
Act).</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HBEB600DFC7784813B60C1B95CE2B911A"><enum>(c)</enum><header>Effective
dates</header><text>The amendments made by this section shall apply to property
placed in service after December 31, 2009, in taxable years ending after such
date.</text>
</subsection></section><section display-inline="no-display-inline" id="HD67CBA740CF443368189645D5691E709" section-type="subsequent-section"><enum>102.</enum><header>Increase in amount
allowed as deduction for start-up expenditures</header>
<subsection id="H50220A07C7C143ED95B92687C458524A"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subsection (b) of
section 195 of the Internal Revenue Code of 1986 is amended by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="HCCCC45CDDF4E4B6AA4AF326422DA847D" style="OLC">
<paragraph id="H00CD3CB0673E404B9D0542211CCC082A"><enum>(3)</enum><header>Special rule for
taxable years beginning in 2009, 2010, or 2011</header><text display-inline="yes-display-inline">In the case of a taxable year beginning in
2010, 2011, or 2012, paragraph (1)(A)(ii) shall be applied—</text>
<subparagraph id="H6B1CD73014084153AE41ED45FE9A2BB4"><enum>(A)</enum><text>by substituting
<quote>$20,000</quote> for <quote>$5,000</quote>, and</text>
</subparagraph><subparagraph id="H8C7CABD76C4243C5A9F7812F635A6B38"><enum>(B)</enum><text>by substituting
<quote>$75,000</quote> for
<quote>$50,000</quote>.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HC0433089DC2A45A298B8D4B63060915F"><enum>(b)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to amounts
paid or incurred in taxable years beginning after the date of the enactment of
this Act.</text>
</subsection></section><section display-inline="no-display-inline" id="H67464CF2F4EF4E289056B1D03A046D26" section-type="subsequent-section"><enum>103.</enum><header>Removal of cellular
telephones (or similar telecommunications equipment) from listed
property</header>
<subsection id="HF5BC711A1BCC4FFFB12B47DCB1D2D6CF"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subparagraph (A) of
section 280F(d)(4) of the Internal Revenue Code (defining listed property) is
amended by inserting <quote>and</quote> at the end of clause (iv), by striking
clause (v), and by redesignating clause (vi) as clause (v).</text>
</subsection><subsection id="H219D97998D884BCF877E1F2C78D05AAD"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by subsection (a) shall apply to taxable
years beginning after January 1, 2009.</text>
</subsection></section><section id="HB769BA7945F54E39889E0BF82684E2F1" section-type="subsequent-section"><enum>104.</enum><header>Nonrecourse Small
Business Investment Company loans from the Small Business Administration
treated as amounts at risk</header>
<subsection id="H8D3FF089D126453D9E7F0176F1C22826"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subparagraph (B) of
section 465(b)(6) of the Internal Revenue Code of 1986 is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="H84F3110A7E0E48A1AE820A5740087EC2" style="OLC">
<subparagraph id="HBD1CCB26BB514881B2F900DD66BACD63"><enum>(B)</enum><header>Qualified
nonrecourse financing</header><text display-inline="yes-display-inline">For
purposes of this paragraph—</text>
<clause id="H55C944959FA946E39C3C54AA84432163"><enum>(i)</enum><header>In
general</header><text>The term <term>qualified nonrecourse financing</term>
means any financing—</text>
<subclause id="HE2B907026C724BADA5A87C950781E0DA"><enum>(I)</enum><text>which is qualified
real property financing or qualified SBIC financing,</text>
</subclause><subclause id="HEC433281B60A4E6491FE7DB9AE1CDBF0"><enum>(II)</enum><text>except to the
extent provided in regulations, with respect to which no person is personally
liable for repayment, and</text>
</subclause><subclause id="H05A7DE8C51234585BEAEDFD9E61F4674"><enum>(III)</enum><text>which is not
convertible debt.</text>
</subclause></clause><clause id="H05E2011C91294B47ABC8BBC58C795D8F"><enum>(ii)</enum><header>Qualified real
property financing</header><text>The term <term>qualified real property
financing</term> means any financing which—</text>
<subclause id="HC7594F72A6934374A57C1FE3530559C5"><enum>(I)</enum><text display-inline="yes-display-inline">is borrowed by the taxpayer with respect to
the activity of holding real property,</text>
</subclause><subclause id="HAC5199A205684BD69349BC960EDAC824"><enum>(II)</enum><text>is secured by
real property used in such activity, and</text>
</subclause><subclause id="H3A441399702444579323B89C6B111B0A"><enum>(III)</enum><text display-inline="yes-display-inline">is borrowed by the taxpayer from a
qualified person or represents a loan from any Federal, State, or local
government or instrumentality thereof, or is guaranteed by any Federal, State,
or local government.</text>
</subclause></clause><clause id="HED58748C1AC94B2F96B249AAD80FEF5C"><enum>(iii)</enum><header>Qualified SBIC
financing</header><text>The term <term>qualified SBIC financing</term> means
any financing which—</text>
<subclause id="H14217F2B847B4091A134C1E40C6393E3"><enum>(I)</enum><text>is borrowed by a
small business investment company (within the meaning of section 301 of the
Small Business Investment Act of 1958),</text>
</subclause><subclause id="HF69D8368A2D341F2B162133A1CFE9B05"><enum>(II)</enum><text>is secured by
property used or held, directly or indirectly, by such small business
investment company, and</text>
</subclause><subclause id="H9D2F5DA425D84756A0F4DAC769FCCF9E"><enum>(III)</enum><text>is borrowed
from, or guaranteed by, the Small Business Administration under the authority
of section 303(b) of such
Act.</text>
</subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H4DD5693E123C45AEAD6595C6A641C626"><enum>(b)</enum><header>Conforming
amendments</header><text>Subparagraph (A) of section 465(b)(6) of such Code is
amended—</text>
<paragraph id="H75A65E039ACB4EB5B6ECF8574C4D7BBA"><enum>(1)</enum><text>by striking
<quote>in the case of an activity of holding real property,</quote>, and</text>
</paragraph><paragraph id="H6B5E1AD263BD441E9C32E926BD409E16"><enum>(2)</enum><text>by striking
<quote>which is secured by real property used in such activity</quote>.</text>
</paragraph></subsection><subsection id="H60445CDE3CB04C2196412D42336BDD1E"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.</text>
</subsection></section><section display-inline="no-display-inline" id="H8D1D5E4851C0416DB9044071D91C78DF" section-type="subsequent-section"><enum>105.</enum><header>Temporary exclusion
of 100 percent of gain on certain small business stock</header>
<subsection id="H0E5CE6936FCD4079ADE00DB73BD40285"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subsection (a) of
section 1202 of the Internal Revenue Code of 1986 (relating partial exclusion
for gain from certain small business stock) is amended by adding at the end the
following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HEFBC116DB6794CADAEE2D726CF5FCCC6" style="OLC">
<paragraph id="HD7426248EAFC4A8E81717EECF7CAED1D"><enum>(4)</enum><header>100 Percent
exclusion for stock acquired during 2010 and 2011</header><text display-inline="yes-display-inline">In the case of qualified small business
stock acquired during 2010 or 2011—</text>
<subparagraph id="H6F656FBD5AED44318EBD151F5F835642"><enum>(A)</enum><text>paragraph (1)
shall be applied by substituting <quote>100 percent</quote> for <quote>50
percent</quote>,</text>
</subparagraph><subparagraph id="H8A9C32B680144B3CB3DD9224954D68FC"><enum>(B)</enum><text>paragraph (2)
shall not apply, and</text>
</subparagraph><subparagraph id="H4778DF3D4C83420C92332E36E6558CBB"><enum>(C)</enum><text display-inline="yes-display-inline">paragraph (7) of section 57(a) shall not
apply.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H46F677ADE7604BBB8DAEB6EEC73163F4"><enum>(b)</enum><header>Conforming
amendment</header><text>Paragraph (3) of section 1202(a) of such Code is
amended—</text>
<paragraph id="HF73B40C720804DBD91C05B46CEB58539"><enum>(1)</enum><text>by striking
<quote><header-in-text level="paragraph" style="OLC">and
2010</header-in-text></quote> in the heading, and</text>
</paragraph><paragraph id="H185828CAFAAC43918225CCD4A0B61FCF"><enum>(2)</enum><text>by striking
<quote>January 1, 2011</quote> and inserting <quote>January 1,
2010</quote>.</text>
</paragraph></subsection><subsection id="H01D9667142464B24B73EDBF172C9523C"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to stock
acquired after December 31, 2009.</text>
</subsection></section><enum>II</enum><header>Small Business
Paperwork Mandate Elimination</header>
<section id="H25F111F1D5C94D6197CA0BB7AC4B7D30"><enum>201.</enum><header>Repeal of
expansion of information reporting requirements</header><text display-inline="no-display-inline">Section 9006 of the Patient Protection and
Affordable Care Act, and the amendments made thereby, are hereby repealed; and
the Internal Revenue Code of 1986 shall be applied as if such section, and
amendments, had never been enacted.</text>
</section><enum>III</enum><header>Small Business
Lending</header>
<section id="H9D6EFF014361458F9E982C8729585CB1"><enum>301.</enum><header>Research
credit</header>
<subsection id="H1E8ABF2690604B85BF0F806F97179490"><enum>(a)</enum><header>In
general</header><text>Subparagraph (B) of section 41(h)(1) of the Internal
Revenue Code of 1986 is amended by striking <quote>December 31, 2009</quote>
and inserting <quote>December 31, 2011</quote>.</text>
</subsection><subsection id="HEF024BC2399C4CF5B262833680A8E6AD"><enum>(b)</enum><header>Conforming
amendment</header><text>Subparagraph (D) of section 45C(b)(1) of such Code is
amended by striking <quote>December 31, 2009</quote> and inserting
<quote>December 31, 2011</quote>.</text>
</subsection><subsection id="HDBDC802F13EC440BBB79DE8B7F7ED895"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to amounts
paid or incurred after December 31, 2009.</text>
</subsection></section><enum>IV</enum><header>National
Right-to-Work </header>
<section id="HBD6AEC0A57894EE49B8E573F26FEC220"><enum>401.</enum><header>Amendments to
the national labor relations Act</header>
<subsection id="H22A47E14FA644F86925275AAA3166D85"><enum>(a)</enum><text>Section 7 of the
National Labor Relations Act (the <quote>Act</quote>) (29 U.S.C. 157) is
amended by striking <quote>except to</quote> and all that follows through
<quote>authorized in section 8(a)(3)</quote>.</text>
</subsection><subsection id="H799BC54C91BC4FEF9A1A81B52B78742E"><enum>(b)</enum><text>Section 8(a) of
the Act (29 U.S.C. 158(a)) is amended by striking <quote>: <italic>Provided,
</italic>That</quote> and all that follows through <quote>retaining
membership</quote> in paragraph (3).</text>
</subsection><subsection id="HB272181E590847E482019318B834A615"><enum>(c)</enum><text>Section 8(b) of
the Act (29 U.S.C. 158(b)) is amended by striking <quote>or to
discriminate</quote> and all that follows through <quote>retaining
membership</quote> in paragraph (2) and by striking <quote>covered by an
agreement authorized under subsection (a)(3) of this section</quote> in
paragraph (5).</text>
</subsection><subsection id="H769B5A2BB31A4F2EB57E1CFDFD68065E"><enum>(d)</enum><text>Section 8(f) of
the Act (29 U.S.C. 158(f)) is amended by striking clause (2) and by
redesignating clauses (3) and (4) as (2) and (3), respectively.</text>
</subsection></section><section id="H02B03212A8414636B514C31BFB804656"><enum>402.</enum><header>Amendment to
the Railway Labor Act</header><text display-inline="no-display-inline">Section
2 of the Railway Labor Act (45 U.S.C. 152) is amended by striking paragraph
Eleventh.</text>
</section><enum>V</enum><header>Economic Freedom
</header>
<section id="HF5DA8C931E4B4D7D9F742D79D044469B" section-type="subsequent-section"><enum>501.</enum><header>Zero percent capital
gains rate for individuals and corporations</header>
<subsection id="HAD5570E010DE4E9F9B663B077708FC4C"><enum>(a)</enum><header>Zero percent
capital gains rate for individuals</header>
<paragraph id="HE901B008F38A4C06BCB5B81AE9F882E1"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Paragraph (1) of
section 1(h) of the Internal Revenue Code of 1986 is amended by striking
subparagraph (C), by redesignating subparagraphs (D) and (E) and subparagraphs
(C) and (D), respectively, and by amending subparagraph (B) to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="H275FC3198260437ABCAD565D6CFB1AF4" style="OLC">
<subparagraph id="H4471009E286A4E82B932F659DD1DF026"><enum>(B)</enum><text display-inline="yes-display-inline">0 percent of the adjusted net capital gain
(or, if less, taxable
income);</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HE5B7CCC30D9449168FA77AA51F3915F2"><enum>(2)</enum><header>Alternative
minimum tax</header><text>Paragraph (3) of section 55(b) is amended by striking
subparagraph (C), by redesignating subparagraph (D) as subparagraph (C), and by
amending subparagraph (B) to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HCD3A6F5FFFD54CD5BE02C05700E91F8A" style="OLC">
<subparagraph id="H70FDD27B46084062A9AEBBD2EEBE8460"><enum>(B)</enum><text display-inline="yes-display-inline">0 percent of the adjusted net capital gain
(or, if less, taxable excess),
plus</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H5177C23E60924AB1A73736B2B667BE87"><enum>(3)</enum><header>Repeal of sunset
of reduction in capital gains rates for individuals</header><text>Section 303
of the Jobs and Growth Tax Relief Reconciliation Act of 2003 shall not apply to
section 301 of such Act.</text>
</paragraph></subsection><subsection id="HE90C9BB9AC7B44F08BEFC1784D9DE015"><enum>(b)</enum><header>Zero percent
capital gains rate for corporations</header>
<paragraph id="HDFDA935A074B4B0FBF6333EB843C1720"><enum>(1)</enum><header>In
general</header><text>Section 1201 of the Internal Revenue Code of 1986 is
amended by redesignating subsection (b) as subsection (c), and by striking
subsection (a) and inserting the following new subsections:</text>
<quoted-block display-inline="no-display-inline" id="H39B0630DEA4A4F3FB4E2361FB7F27C05" style="OLC">
<subsection id="H28C364813F954F0894855B48C2597320"><enum>(a)</enum><header>General
rule</header><text display-inline="yes-display-inline">If for any taxable year
a corporation has a net capital gain, then, in lieu of the tax imposed by
sections 11, 511, 821(a) or (c), and 831(a), there is hereby imposed a tax (if
such tax is less than the tax imposed by such sections) which shall consist of
the sum of—</text>
<paragraph id="HC12536D6B8BD4A7CBA3B295EBF6A2ECF"><enum>(1)</enum><text>a tax computed on
the taxable income reduced by the amount of the net capital gain, at the rates
and in the manner as if this subsection had not been enacted,</text>
</paragraph><paragraph id="H7269C9B9132F48D1873EC64B8F4C64DE"><enum>(2)</enum><text>0 percent of the
adjusted net capital gain (or, if less, taxable income),</text>
</paragraph><paragraph id="HCB9446F797394FB8BC3D735AE8D15A11"><enum>(3)</enum><text>25 percent of the
excess (if any) of—</text>
<subparagraph id="H636A22EBF3C049F881361DB71B5B30BA"><enum>(A)</enum><text display-inline="yes-display-inline">the unrecaptured section 1250 gain (or, if
less, the net capital gain (determined without regard to subsection (b)(2))),
over</text>
</subparagraph><subparagraph id="H9AB1E443096E491AA263E542261CE916"><enum>(B)</enum><text>the excess (if
any) of—</text>
<clause id="HF6C9FEC83FDD44649C2E863FF1E3FDC6"><enum>(i)</enum><text>the sum of the
amount on which tax is determined under paragraph (1) plus the net capital
gain, over</text>
</clause><clause id="HA48A65C3E8B0446AA83203D8EB064B16"><enum>(ii)</enum><text>taxable income,
plus</text>
</clause></subparagraph></paragraph><paragraph id="HC2383BA4316B4841A2D919A105BA69EE"><enum>(4)</enum><text>28 percent of the
amount of taxable income in excess of the sum of the amounts on which tax is
determined under the preceding paragraphs of this subsection.</text>
</paragraph></subsection><subsection id="H73781AAE64644297AD686D8E1633E4E4"><enum>(b)</enum><header>Definitions and
special rules</header><text>For purposes of this section—</text>
<paragraph id="HD0CF83B49D044641B3C84952ACCD10D7"><enum>(1)</enum><header>In
general</header><text>The terms <term>adjusted net capital gain</term> and
<term>unrecaptured section 1250 gain</term> shall have the respective meanings
given such terms in section 1(h).</text>
</paragraph><paragraph id="H78FF1D32DA304FCCA1A3F8A67B15FC94"><enum>(2)</enum><header>Dividends taxed
at net capital gain</header><text display-inline="yes-display-inline">Except as
otherwise provided in this section, the term <term>net capital gain</term> has
the meaning given such term in section
1(h)(11).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HC8AE49816F4049688D024715399E4E9D"><enum>(2)</enum><header>Alternative
minimum tax</header><text>Section 55(b) of such Code is amended by adding at
the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H8D94C2C28A0E4C83A3434D321F062ABA" style="OLC">
<paragraph id="HC4C0EA7147B14E7992EF221D20A2DEEC"><enum>(4)</enum><header>Maximum rate of
tax on net capital gain of corporations</header><text>The amount determined
under paragraph (1)(B)(i) shall not exceed the sum of—</text>
<subparagraph id="H69D7CEC5ECD64866AFE559386285E2A1"><enum>(A)</enum><text>the amount
determined under such paragraph computed at the rates and in the same manner as
if this paragraph had not been enacted on the taxable excess reduced by the net
capital gain, plus</text>
</subparagraph><subparagraph id="HFAC8CDA5B9CC491FA7356D6EAA795562"><enum>(B)</enum><text>the amount
determined under section
1201.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HD9FDD75855D640AE9F2169F698BE8399"><enum>(3)</enum><header>Technical
amendments</header>
<subparagraph id="H4FF83CF4DB0544918CB12A2BE0463FB3"><enum>(A)</enum><text>Section 1202(a) of
such Code is amended by striking <quote>50 percent</quote> and inserting
<quote>100 percent</quote>.</text>
</subparagraph><subparagraph id="H5B179767AA694CE8A0EFFE7907B32382"><enum>(B)</enum><text>Section 1445(e)(1)
of such Code is amended by striking <quote>35 percent (or, to the extent
provided in regulations, 15 percent)</quote> and inserting <quote>0
percent</quote>.</text>
</subparagraph><subparagraph id="H48F81558372348A4B289820380392E0F"><enum>(C)</enum><text>Section 1445(e)(2)
of such Code is amended by striking <quote>35 percent</quote> and inserting
<quote>0 percent</quote>.</text>
</subparagraph><subparagraph id="HDCE6AD7BA9E040B3979CFAC71C099DCB"><enum>(D)</enum><text>Section
7518(g)(6)(A) of such Code is amended by striking <quote>15 percent (34 percent
in the case of a corporation)</quote> and inserting <quote>0 percent</quote>
.</text>
</subparagraph><subparagraph id="HF9F1FB8158A24054ADE70A91BF81681A"><enum>(E)</enum><text>Section
607(h)(6)(A) of the Merchant Marine Act, 1936 is amended by striking <quote>15
percent (34 percent in the case of a corporation)</quote> and inserting
<quote>0 percent</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H2B5D1165DCBD4A68A284527A99BE51AF"><enum>(c)</enum><header>Effective
date</header>
<paragraph id="HE14B502E0922421D91B04087AFDA566E"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), the amendments made
by this section shall apply to taxable years beginning after December 31,
2009.</text>
</paragraph><paragraph id="H5263CF909A94407E99F0E4A2D44343E1"><enum>(2)</enum><header>Withholding</header><text>The
amendments made by subparagraphs (A) and (B) of subsection (b)(3) shall apply
to dispositions and distributions after the date of the enactment of this
Act.</text>
</paragraph></subsection></section><section id="HDFBB6FEE412243188063988E01175A84" section-type="subsequent-section"><enum>502.</enum><header>Reduction in
corporate income tax rates</header>
<subsection id="HE79839CC8B2D4AABAA6B778B981C00A7"><enum>(a)</enum><header>In
general</header><text>Subsection (b) of section 11 of the Internal Revenue Code
of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HF29E45A300B44345A03E749BEA21F078" style="OLC">
<subsection id="HBEAED18A7026418B9EA63F3E157E9B2F"><enum>(b)</enum><header>Amount of
tax</header><text>The amount of the tax imposed by subsection (a) shall be 12.5
percent of taxable
income.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H91312902999A4A809017DAF6C1D818D0"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph commented="no" id="H82E006E6C1A44E4F9FEC2F365D48B4D2"><enum>(1)</enum><text>Section
55(b)(1)(B)(i) of such Code is amended by striking <quote>20 percent</quote>
and inserting <quote>12.5 percent</quote>.</text>
</paragraph><paragraph id="H7EA1C7B75CD74B40B2DEEFE6D85E28DE"><enum>(2)</enum><text display-inline="yes-display-inline">Section 280C(c)(3)(B)(ii)(II) of such Code
is amended by striking <quote>maximum rate of tax under section
11(b)(1)</quote> and inserting <quote>rate of tax under section
11(b)</quote>.</text>
</paragraph><paragraph id="H8D34E8A1F2914ABC8086D5D9290AA266"><enum>(3)</enum><text>Section 832(b)(1)
of such Code is amended by striking <quote>rates provided in section
11(b)</quote> and inserting <quote>rate provided in section
11(b)</quote>.</text>
</paragraph><paragraph id="H34CB105232F84A82841EF93FC94C06A0"><enum>(4)</enum><text display-inline="yes-display-inline">Sections 244(a)(2)(B), 247(a)(2)(B),
527(b)(1), 835(e), 852(b)(1), 857(b)(4)(A), 860G(c)(1), 904(b)(3)(E)(ii)(II),
and 1375(a) of such Code is amended by striking <quote>highest rate of
tax</quote> and inserting <quote>rate of tax</quote>.</text>
</paragraph><paragraph id="H4356E7BB116E4F0DB77DCA0C96970BAE"><enum>(5)</enum><text display-inline="yes-display-inline">Sections 860E(e)(2)(B), 860E(e)(6)(A)(ii),
860K(d)(2)(A)(ii), 860K(e)(1)(B)(ii), 1446(b)(2)(B), and 7874(e)(1)(B) of such
Code are each amended by striking <quote>highest rate of tax specified in
section 11(b)(1)</quote> and inserting <quote>rate of tax specified in section
11(b)</quote>.</text>
</paragraph><paragraph id="H9CB4263064D7480F9A77E375CA0A4127"><enum>(6)</enum><text display-inline="yes-display-inline">Section 904(b)(3)(D)(ii) of such Code is
amended by striking <quote>(determined without regard to the last sentence of
section 11(b)(1))</quote>.</text>
</paragraph><paragraph id="HC651153F650B4ADDA1A721044913644C"><enum>(7)</enum><text display-inline="yes-display-inline">Section 962 of such Code is amended by
striking subsection (c) and by redesignating subsection (d) as subsection
(c).</text>
</paragraph><paragraph id="HEDE905227C7E4D018F0B5C0752AE8259"><enum>(8)</enum><text display-inline="yes-display-inline">Section 1201(a) of such Code is
amended—</text>
<subparagraph id="H610D7000AA9443188110F273F46EE169"><enum>(A)</enum><text>by striking
<quote>35 percent (determined without regard to the last 2 sentences of section
11(b)(1))</quote> and inserting <quote>15 percent</quote>, and</text>
</subparagraph><subparagraph id="H5C34A57DC69E4FC288450A24FAD1E89E"><enum>(B)</enum><text>by striking
<quote>35 percent</quote> in paragraph (2) and inserting <quote>15
percent</quote>.</text>
</subparagraph></paragraph><paragraph id="H43B8D3AD4C474D2E9F6FC0ED5FCBA2C3"><enum>(9)</enum><text display-inline="yes-display-inline">Section 1561(a) of such Code is
amended—</text>
<subparagraph id="HF73674ACBF3E4F0E848D82EDF346705B"><enum>(A)</enum><text>by striking
paragraph (1) and by redesignating paragraphs (2), (3), and (4) as paragraphs
(1), (2), and (3), respectively,</text>
</subparagraph><subparagraph id="H49B1EDC7474F42979DD72CF73F8D6B5C"><enum>(B)</enum><text>by striking
<quote>The amounts specified in paragraph (1), the</quote> and inserting
<quote>The</quote>,</text>
</subparagraph><subparagraph id="HF653D2FB01A0411F999A3E9ABDB6D58E"><enum>(C)</enum><text>by striking
<quote>paragraph (2)</quote> and inserting <quote>paragraph (1)</quote>,</text>
</subparagraph><subparagraph id="H84A798BC2B284E85981F3DB98CA8D36F"><enum>(D)</enum><text>by striking
<quote>paragraph (3)</quote> both places it appears and inserting
<quote>paragraph (2)</quote>,</text>
</subparagraph><subparagraph id="H12DF410E903747C78E98B299C842E095"><enum>(E)</enum><text>by striking
<quote>paragraph (4)</quote> and inserting <quote>paragraph (3)</quote>,
and</text>
</subparagraph><subparagraph id="H74CB3900467049D9BD11DE3F85BFD728"><enum>(F)</enum><text>by striking the
fourth sentence.</text>
</subparagraph></paragraph><paragraph id="HBABECCBB7C434CE59229CF1DAABAA858"><enum>(10)</enum><text display-inline="yes-display-inline">Subsection (b) of section 1561 of such Code
is amended to read as follows:</text>
<quoted-block id="H5B9E419FE4D14070AF832144527625BF" style="OLC">
<subsection id="HFCE1642AE2E246ADA10B3DE3892E3FC4"><enum>(b)</enum><header>Certain short
taxable years</header><text>If a corporation has a short taxable year which
does not include a December 31 and is a component member of a controlled group
of corporations with respect to such taxable year, then for purposes of this
subtitle, the amount to be used in computing the accumulated earnings credit
under section 535(c)(2) and (3) of such corporation for such taxable year shall
be the amount specified in subsection (a)(1) divided by the number of
corporations which are component members of such group on the last day of such
taxable year. For purposes of the preceding sentence, section 1563(b) shall be
applied as if such last day were substituted for December
31.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HA8A119DF68AD4C0B8A4691E87C115535"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2009.</text>
</subsection></section><section id="HB0C9D8F712894C1796A598272AC29C7B"><enum>503.</enum><header>Estate tax
repeal made permanent</header><text display-inline="no-display-inline">Section
901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not
apply to title V of such Act.</text>
</section><section id="H404188E643F24B8ABA7E186B69B0FF23"><enum>504.</enum><header>Election to
expense business assets</header>
<subsection id="H38FDA73844AC4C80993DED7801FB2C34"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 179 of the
Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H78BA32F6261744CCAE9243D7C1E1EFC6" style="OLC">
<section id="H45666477D7334E2E9064586F01FF0598"><enum>179.</enum><header>Election to
expense certain depreciable business assets</header>
<subsection id="HFCC31A69547940CE9571B32B6C8040B8"><enum>(a)</enum><header>Treatment as
expenses</header><text display-inline="yes-display-inline">A taxpayer may elect
to treat the cost of any property to which this section applies as an expense
which is not chargeable to capital account. Any cost so treated shall be
allowed as a deduction for the taxable year in which such property is placed in
service.</text>
</subsection><subsection id="HC42A453DF645486DBC1CC6321239E17D"><enum>(b)</enum><header>Property to
which section applies</header>
<paragraph id="H6DBBEAF8367F415DA95AB5021571AC10"><enum>(1)</enum><header>In
general</header><text>This section shall apply to property—</text>
<subparagraph id="H0C95E728172E4E7B98DF75423CBEFB0F"><enum>(A)</enum><text>which is—</text>
<clause id="HB8BE51EE09B74D3FBFB1B150A32647C2"><enum>(i)</enum><text>tangible property
(to which section 168 applies), or</text>
</clause><clause id="H61F6ADCF1E11414D9E67549FA3876577"><enum>(ii)</enum><text>computer software
(as defined in section 197(e)(3)(B)) which is described in section
197(e)(3)(A)(i), to which section 167 applies,</text>
</clause></subparagraph><subparagraph id="H17309B6E184548F89E17B827EB15775F"><enum>(B)</enum><text>which is section
1245 property (as defined in section 1245(a)(3)) or 1250 property (as defined
in section 1250(c)), and</text>
</subparagraph><subparagraph id="HA14A96F647014E4C85768C87C3101847"><enum>(C)</enum><text>which is acquired
by purchase for use in the active conduct of a trade or business.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">Such term
shall not include any property described in section 50(b) and shall not include
air conditioning or heating units.</continuation-text></paragraph><paragraph id="H955826D9ADD44E5C9CE318D35B71552A"><enum>(2)</enum><header>Purchase
defined</header><text display-inline="yes-display-inline">For purposes of
paragraph (1), the term <term>purchase</term> means any acquisition of
property, but only if—</text>
<subparagraph id="H07F50FE813BA48E38B1346F1EE482863"><enum>(A)</enum><text>the property is
not acquired from a person whose relationship to the person acquiring it would
result in the disallowance of losses under section 267 or 707(b) (but, in
applying section 267(b) and (c) for purposes of this section, paragraph (4) of
section 267(c) shall be treated as providing that the family of an individual
shall include only his spouse, ancestors, and lineal descendants),</text>
</subparagraph><subparagraph id="HEBE2B9D0898C4256AC085D6058978363"><enum>(B)</enum><text>the property is
not acquired by one component member of a controlled group from another
component member of the same controlled group, and</text>
</subparagraph><subparagraph id="H9EC8CD4AA6154701832CE179DD783FBD"><enum>(C)</enum><text>the basis of the
property in the hands of the person acquiring it is not determined—</text>
<clause id="H22086777EB524BB2928F00D33972DB2A"><enum>(i)</enum><text>in
whole or in part by reference to the adjusted basis of such property in the
hands of the person from whom acquired, or</text>
</clause><clause id="HDBDD035E1D354B738BF8CE2BB5429C22"><enum>(ii)</enum><text>under section
1014(a) (relating to property acquired from a decedent).</text>
</clause></subparagraph></paragraph><paragraph id="H95E656856C6B4D81B4E467985849C2B1"><enum>(3)</enum><header>Cost</header><text>For
purposes of this section, the cost of property does not include so much of the
basis of such property as is determined by reference to the basis of other
property held at any time by the person acquiring such property.</text>
</paragraph><paragraph id="H929857A73ED24D678D280E0EDDB67842"><enum>(4)</enum><header>Controlled group
defined</header><text display-inline="yes-display-inline">For purposes of this
section, the term <term>controlled group</term> has the meaning assigned to it
by section 1563(a), except that, for such purposes, the phrase <quote>more than
50 percent</quote> shall be substituted for the phrase <quote>at least 80
percent</quote> each place it appears in section 1563(a)(1).</text>
</paragraph><paragraph id="HC7CA8DAEF048496982B72E73795B9F03"><enum>(5)</enum><header>Coordination
with section 38</header><text display-inline="yes-display-inline">No credit
shall be allowed under section 38 with respect to any amount for which a
deduction is allowed under subsection (a).</text>
</paragraph><paragraph id="H381A0AF5C93E4F6FA84C7AE89A5720CB"><enum>(6)</enum><header>Recapture in
certain cases</header><text>The Secretary shall, by regulations, provide for
recapturing the benefit under any deduction allowable under subsection (a) with
respect to any property which is not used predominantly in a trade or business
at any time.</text>
</paragraph></subsection><subsection id="H65A0FC37A8CA41FEA80841E6DF9E089A"><enum>(c)</enum><header>Election</header>
<paragraph id="H45793FA855B7491A9F404D104A3DF02C"><enum>(1)</enum><header>In
general</header><text>An election under this section for any taxable year
shall—</text>
<subparagraph id="HFEA9381D75734F8DA2FD2818D790E48A"><enum>(A)</enum><text>specify the items
of property to which the election applies, and</text>
</subparagraph><subparagraph id="HC95EB4FD34444177B7B021FACC4D2A47"><enum>(B)</enum><text>be made on the
taxpayer’s return of the tax imposed by this chapter for the taxable
year.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">Such
election shall be made in such manner as the Secretary may by regulations
prescribe.</continuation-text></paragraph><paragraph id="HE7DC71B6323B4895BC237A40F7B50A54"><enum>(2)</enum><header>Election
irrevocable</header><text>Any election made under this section, and any
specification contained in any such election, may not be revoked except with
the consent of the
Secretary.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H17D68CE3AD6040FCBDE2F5FB166F0536"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by this section shall apply to property
placed in service after the date of the enactment of this Act.</text>
</subsection></section><section display-inline="no-display-inline" id="H60FB775BCD99483A887711B4C75D43B1" section-type="subsequent-section"><enum>505.</enum><header>Payroll Tax Decrease
for 2010</header>
<subsection id="HF474200E9D41420C9C86B511F74E26B9"><enum>(a)</enum><header>Employees</header><text display-inline="yes-display-inline">Section 3101 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H5E19B2C66B1D41488A4491AABBF84A1E" style="OLC">
<subsection id="HFE76A03CDF924C65941833CC3203C829"><enum>(d)</enum><header>Reduction in tax
rate for 2010</header><text display-inline="yes-display-inline">In the case of
wages received during calendar year 2010—</text>
<paragraph id="HA4C755EA368F454D8D5194AD2AF46247"><enum>(1)</enum><text>subsection (a)
shall be applied by substituting <quote>3.1 percent</quote> for <quote>6.2
percent</quote> in the table contained therein, and</text>
</paragraph><paragraph id="H9C5F3375EDFE48BAAC89706EF3DDAF39"><enum>(2)</enum><text display-inline="yes-display-inline">subsection (b) shall be applied by
substituting <quote>0.725 percent</quote> for <quote>1.45 percent</quote> in
paragraph (6)
thereof.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HEF88D72DAECF44FB82476D0421080DB4"><enum>(b)</enum><header>Employers</header><text>Section
3111 of such Code is amended by adding at the end the following new
subsection:</text>
<quoted-block display-inline="no-display-inline" id="HC49E010335ED48B58FA804A509D580FF" style="OLC">
<subsection id="H43EF1EBA4A374A22BB9202AC23E3BD29"><enum>(d)</enum><header>Reduction in tax
rate for 2010</header><text display-inline="yes-display-inline">In the case of
wages paid during calendar year 2010—</text>
<paragraph id="H530DFE4432B14E10AB1C723409E6C2D7"><enum>(1)</enum><text>subsection (a)
shall be applied by substituting <quote>3.1 percent</quote> for <quote>6.2
percent</quote> in the table contained therein, and</text>
</paragraph><paragraph id="HC23709CC8BAC4B7595CEDDA83E68C23C"><enum>(2)</enum><text display-inline="yes-display-inline">subsection (b) shall be applied by
substituting <quote>0.725 percent</quote> for <quote>1.45 percent</quote> in
paragraph (6)
thereof.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H3E7BAE3E4161407BAAEEC26722BD64BB"><enum>(c)</enum><header>Self-Employment</header><text>Section
1401 of such Code is amended by adding at the end the following new
subsection:</text>
<quoted-block display-inline="no-display-inline" id="H0036A8841F364D7CA0BB59E19E5222F4" style="OLC">
<subsection id="H24AEE30015AC4812A908BC9C1589D817"><enum>(d)</enum><header>Reduction in tax
rate for 2010</header><text display-inline="yes-display-inline">In the case of
a taxable year beginning in 2010—</text>
<paragraph id="H4A80813BC609467A954CF477EF7ADD27"><enum>(1)</enum><text>subsection (a)
shall be applied by substituting <quote>6.2 percent</quote> for <quote>12.4
percent</quote> in the table contained therein, and</text>
</paragraph><paragraph id="HD8B8D16FA5C243DFAC0C013F274B7BAA"><enum>(2)</enum><text display-inline="yes-display-inline">subsection (b) shall be applied by
substituting <quote>1.45 percent</quote> for <quote>2.90 percent</quote> in
paragraph (6)
thereof.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H9F15A3802EB8481990FCAF1446983AFC"><enum>(d)</enum><header>Effective
date</header>
<paragraph id="HFEBCD6A89D4C480FAC1A07518A01B642"><enum>(1)</enum><header>In
general</header><text>Except as provided by paragraph (2), the amendments made
by this section shall apply with respect to remuneration paid after December
31, 2009.</text>
</paragraph><paragraph id="H327E4D4ECE744C6C8FF03C5F6EDD0FB8"><enum>(2)</enum><header>Self-employment</header><text>The
amendment made by subsection (c) shall apply to taxable years beginning after
December 31, 2009.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="H6EED84E5F4E6422CBA581DB46939F175" section-type="subsequent-section"><enum>506.</enum><header>Rescission and
repeal in ARRA</header>
<subsection commented="no" id="H9525F9865FBA4C598B840E6420214023"><enum>(a)</enum><header>Rescission</header><text display-inline="yes-display-inline">Of the discretionary appropriations made
available in division A of the American Recovery and Reinvestment Act of 2009
(Public Law 111–5), all unobligated balances are rescinded.</text>
</subsection><subsection commented="no" id="HBD66A9C75D3049A19DF74645B94F7EDB"><enum>(b)</enum><header>Repeal</header><text display-inline="yes-display-inline">Subtitles B and C of title II and titles
III through VII of division B of the American Recovery and Reinvestment Act of
2009 (Public Law 111–5) are repealed.</text>
</subsection></section><section id="H11BB0400A2624F2D89648CF4D26D77F5"><enum>507.</enum><header>Termination of
TARP authority</header><text display-inline="no-display-inline">Section 120 of
the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5230) is amended to
read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H419941D8F3F14320A342A02255EA737C" style="OLC">
<section id="HAB18D6C634254C69A2AB8CAF65BEFEF3"><enum>120.</enum><header>Termination of
authority</header><text display-inline="no-display-inline">The authorities
provided under sections 101(a), excluding section 101(a)(3), and 102 shall
terminate on the date of the enactment of the <short-title>Restore American Jobs Act of
2010</short-title>.</text>
</section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" id="H5725B97C7FDA4217A80909B1CDFF471A"><enum>508.</enum><header>Requiring the
sale of stock and warrants received under TARP</header><text display-inline="no-display-inline">Not later than the end of the 1-year period
beginning on the date of the enactment of this Act, the Secretary of the
Treasury shall sell all stock and warrants acquired by the Secretary under the
Troubled Asset Relief Program under title I of the Emergency Economic
Stabilization Act of 2008 (12 U.S.C. 5211 et seq.).</text>
</section><enum>VI</enum><header>United
States-Colombia Trade Promotion Agreement</header>
<subtitle id="H9116D563693543C5891AC916DB858BFC"><enum>A</enum><header>General
provisions</header>
<section id="H2B5DA2A6637B4DF18BDEC84C90DB8FE3"><enum>601.</enum><header>Short
title</header><text display-inline="no-display-inline">This title may be cited
as the <quote>United States-Colombia Trade Promotion Agreement Implementation
Act</quote>.</text>
</section><section id="H368BEE18823741AAA65DCC85516922FD"><enum>602.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this title are—</text>
<paragraph id="HC14F1623A5694F948475117C963A549B"><enum>(1)</enum><text>to approve and
implement the free trade agreement between the United States and Colombia
entered into under the authority of section 2103(b) of the Bipartisan Trade
Promotion Authority Act of 2002 (19 U.S.C. 3803(b));</text>
</paragraph><paragraph id="HF52FA20E0E4B461E90749513A6D15436"><enum>(2)</enum><text>to strengthen and
develop economic relations between the United States and Colombia for their
mutual benefit;</text>
</paragraph><paragraph id="HBCAEF68838574BA4AF6EC1CD61DBA900"><enum>(3)</enum><text>to establish free
trade between the United States and Colombia through the reduction and
elimination of barriers to trade in goods and services and to investment;
and</text>
</paragraph><paragraph id="H4EEA9F4FCBC341E6AA972630406D2F24"><enum>(4)</enum><text>to lay the
foundation for further cooperation to expand and enhance the benefits of the
Agreement.</text>
</paragraph></section><section id="H13535B6B9EC24DC794A99244CCD13796"><enum>603.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="H2D9FDD7AF6AF41A7B6F50992B640DA4E"><enum>(1)</enum><header>Agreement</header><text>The
term <term>Agreement</term> means the United States-Colombia Trade Promotion
Agreement approved by Congress under section 101(a)(1).</text>
</paragraph><paragraph id="HAA2D8CD3FE1F479C8182FA4C88F728C2"><enum>(2)</enum><header>Commission</header><text>The
term <term>Commission</term> means the United States International Trade
Commission.</text>
</paragraph><paragraph id="H1A4FC635DC0E4F0F9F84965A7E6040FB"><enum>(3)</enum><header>HTS</header><text>The
term <term>HTS</term> means the Harmonized Tariff Schedule of the United
States.</text>
</paragraph><paragraph id="H2B8F131BB085454E8AB94DC44A91307A"><enum>(4)</enum><header>Textile or
apparel good</header><text>The term <term>textile or apparel good</term> means
a good listed in the Annex to the Agreement on Textiles and Clothing referred
to in section 101(d)(4) of the Uruguay Round Agreements Act (19 U.S.C.
3511(d)(4)), other than a good listed in Annex 3–C of the Agreement.</text>
</paragraph></section></subtitle><subtitle id="H5AB78422683742708F973131F297E536"><enum>B</enum><header>Approval of, and
General Provisions Relating to, the Agreement</header>
<section id="HFE3AC08804DC47E793EDC4EA30919FD3"><enum>611.</enum><header>Approval and
entry into force of the agreement</header>
<subsection id="H1A6BF5604AA04653922FBE5EE7D15B73"><enum>(a)</enum><header>Approval of
Agreement and Statement of Administrative Action</header><text>Pursuant to
section 2105 of the Bipartisan Trade Promotion Authority Act of 2002 (19 U.S.C.
3805) and section 151 of the <act-name parsable-cite="TA74">Trade Act of
1974</act-name> (19 U.S.C. 2191), Congress approves—</text>
<paragraph id="HE05B55DD24C245259EE7CC1272785004"><enum>(1)</enum><text>the United
States-Colombia Trade Promotion Agreement entered into on November 22, 2006,
with the Government of Colombia, as amended on June 28, 2007, by the United
States and Colombia, and submitted to Congress on April 8, 2008; and</text>
</paragraph><paragraph id="HC89837161D894664B0F85B82E9963B66"><enum>(2)</enum><text>the statement of
administrative action proposed to implement the Agreement that was submitted to
Congress on April 8, 2008.</text>
</paragraph></subsection><subsection id="HF1C95BA8A32B47DBBC496E2CE787E77D"><enum>(b)</enum><header>Conditions for
Entry Into Force of the Agreement</header><text>At such time as the President
determines that Colombia has taken measures necessary to comply with those
provisions of the Agreement that are to take effect on the date on which the
Agreement enters into force, the President is authorized to exchange notes with
the Government of Colombia providing for the entry into force, on or after
January 1, 2009, of the Agreement with respect to the United States.</text>
</subsection></section><section id="H0EFE58E198F74134AA97A53ED3676DA2"><enum>612.</enum><header>Relationship of
the Agreement to United States and State law</header>
<subsection id="HF3ED1774AEAC4531B7E7D0F6E5502B2B"><enum>(a)</enum><header>Relationship of
Agreement to United States Law</header>
<paragraph id="H97F338BA821349C0B22F750EE1E25298"><enum>(1)</enum><header>United states
law to prevail in conflict</header><text>No provision of the Agreement, nor the
application of any such provision to any person or circumstance, which is
inconsistent with any law of the United States shall have effect.</text>
</paragraph><paragraph id="H61B601001C6C4139AD0A571BBCC2A4A7"><enum>(2)</enum><header>Construction</header><text>Nothing
in this title shall be construed—</text>
<subparagraph id="HE08A1980AC544112BEB169E5322D3399"><enum>(A)</enum><text>to amend or modify
any law of the United States; or</text>
</subparagraph><subparagraph id="H0BD5BD4D334748BFA56CF9591BD3E0EB"><enum>(B)</enum><text>to limit any
authority conferred under any law of the United States,</text>
</subparagraph><continuation-text continuation-text-level="paragraph">unless
specifically provided for in this title.</continuation-text></paragraph></subsection><subsection id="HEB9D13BA40EB4C9EAEE7711ED2CB82E7"><enum>(b)</enum><header>Relationship of
Agreement to State Law</header>
<paragraph id="H2B062B1E293945C181CE14C2664C0117"><enum>(1)</enum><header>Legal
challenge</header><text>No State law, or the application thereof, may be
declared invalid as to any person or circumstance on the ground that the
provision or application is inconsistent with the Agreement, except in an
action brought by the United States for the purpose of declaring such law or
application invalid.</text>
</paragraph><paragraph id="H7CA02283684E484B863BDA760E3D712A"><enum>(2)</enum><header>Definition of
state law</header><text>For purposes of this subsection, the term <term>State
law</term> includes—</text>
<subparagraph id="H02EACA71C55E45FE9476C0646B76B7EE"><enum>(A)</enum><text>any law of a
political subdivision of a State; and</text>
</subparagraph><subparagraph id="H90ABAD2355454877BA6C10FDD2F85630"><enum>(B)</enum><text>any State law
regulating or taxing the business of insurance.</text>
</subparagraph></paragraph></subsection><subsection id="HF1E5EDBBA9334033BBEBDEE364212168"><enum>(c)</enum><header>Effect of
Agreement With Respect to Private Remedies</header><text>No person other than
the United States—</text>
<paragraph id="H6D285BCE509E405F82A6888224778624"><enum>(1)</enum><text>shall have any
cause of action or defense under the Agreement or by virtue of congressional
approval thereof; or</text>
</paragraph><paragraph id="H3240FD1741D241468ADE6DDDE4808391"><enum>(2)</enum><text>may challenge, in
any action brought under any provision of law, any action or inaction by any
department, agency, or other instrumentality of the United States, any State,
or any political subdivision of a State, on the ground that such action or
inaction is inconsistent with the Agreement.</text>
</paragraph></subsection></section><section id="HBC3EBA398292479F9479441154F9631F"><enum>613.</enum><header>Implementing
actions in anticipation of entry into force and initial regulations</header>
<subsection id="HBE7EF6C792CF4A1C81361FCF7BD328A4"><enum>(a)</enum><header>Implementing
Actions</header>
<paragraph id="H325B659A142040BAA717B7C698B47993"><enum>(1)</enum><header>Proclamation
authority</header><text>After the date of the enactment of this Act—</text>
<subparagraph id="H87D4A756079044BBACD9F2B8A4E3D108"><enum>(A)</enum><text>the President may
proclaim such actions, and</text>
</subparagraph><subparagraph id="HB8D3B20163DA4B0182EAC920BCD7978D"><enum>(B)</enum><text>other appropriate
officers of the United States Government may issue such regulations,</text>
</subparagraph><continuation-text continuation-text-level="paragraph">as may be
necessary to ensure that any provision of this title, or amendment made by this
title, that takes effect on the date on which the Agreement enters into force
is appropriately implemented on such date, but no such proclamation or
regulation may have an effective date earlier than the date on which the
Agreement enters into force.</continuation-text></paragraph><paragraph id="HC101F4C88B31497192CE99CC250B6BC0"><enum>(2)</enum><header>Effective date
of certain proclaimed actions</header><text>Any action proclaimed by the
President under the authority of this title that is not subject to the
consultation and layover provisions under section 614 may not take effect
before the 15th day after the date on which the text of the proclamation is
published in the Federal Register.</text>
</paragraph><paragraph id="H02BE270F04B24A728BCE52E1FCE4F343"><enum>(3)</enum><header>Waiver of 15-day
restriction</header><text>The 15-day restriction contained in paragraph (2) on
the taking effect of proclaimed actions is waived to the extent that the
application of such restriction would prevent the taking effect on the date the
Agreement enters into force of any action proclaimed under this section.</text>
</paragraph></subsection><subsection id="HF8EDF13E95C14D14BA853D6FEF302C3E"><enum>(b)</enum><header>Initial
Regulations</header><text>Initial regulations necessary or appropriate to carry
out the actions required by or authorized under this title or proposed in the
statement of administrative action submitted under section 611(a)(2) to
implement the Agreement shall, to the maximum extent feasible, be issued within
1 year after the date on which the Agreement enters into force. In the case of
any implementing action that takes effect on a date after the date on which the
Agreement enters into force, initial regulations to carry out that action
shall, to the maximum extent feasible, be issued within 1 year after such
effective date.</text>
</subsection></section><section id="H7C6A59ABFAA8469A80B2413192BE1AA0"><enum>614.</enum><header>Consultation
and layover provisions for, and effective date of, proclaimed
actions</header><text display-inline="no-display-inline">If a provision of this
title provides that the implementation of an action by the President by
proclamation is subject to the consultation and layover requirements of this
section, such action may be proclaimed only if—</text>
<paragraph id="H7BCB0462312846CAAEFB878A06433795"><enum>(1)</enum><text>the President has
obtained advice regarding the proposed action from—</text>
<subparagraph id="H37DB5C2C17714990B02397E2DEB9F3BC"><enum>(A)</enum><text>the appropriate
advisory committees established under section 135 of the
<act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19 U.S.C. 2155);
and</text>
</subparagraph><subparagraph id="HE6BCD5D4C20444D5960E4232CDA9BDAE"><enum>(B)</enum><text>the
Commission;</text>
</subparagraph></paragraph><paragraph id="H523395E17A324261A18894B6322928EE"><enum>(2)</enum><text>the President has
submitted to the Committee on Finance of the Senate and the Committee on Ways
and Means of the House of Representatives a report that sets forth—</text>
<subparagraph id="HFA2EA222ADFC41D4AE8348AC5813F67E"><enum>(A)</enum><text>the action
proposed to be proclaimed and the reasons therefor; and</text>
</subparagraph><subparagraph id="H4E8220EDDFF44A8B878D8F98E0450183"><enum>(B)</enum><text>the advice
obtained under paragraph (1);</text>
</subparagraph></paragraph><paragraph id="H2BFCA0055388402095096887D9D5AFDF"><enum>(3)</enum><text>a
period of 60 calendar days, beginning on the first day on which the
requirements set forth in paragraphs (1) and (2) have been met, has expired;
and</text>
</paragraph><paragraph id="H2BE77CB62F2C4C3D82C98AA138C2A4F0"><enum>(4)</enum><text>the President has
consulted with the committees referred to in paragraph (2) regarding the
proposed action during the period referred to in paragraph (3).</text>
</paragraph></section><section id="H3313EE226FF842979592774AC16B47B2"><enum>615.</enum><header>Administration
of Dispute Settlement proceedings</header>
<subsection id="HF34B0542F02F486AB0C1D3F7AA60F7AF"><enum>(a)</enum><header>Establishment or
Designation of Office</header><text>The President is authorized to establish or
designate within the Department of Commerce an office that shall be responsible
for providing administrative assistance to panels established under chapter 21
of the Agreement. The office shall not be considered to be an agency for
purposes of section 552 of title 5, United States Code.</text>
</subsection><subsection id="H4BFD825C7998423FBA2B0CD21E373865"><enum>(b)</enum><header>Authorization of
Appropriations</header><text>There are authorized to be appropriated for each
fiscal year after fiscal year 2008 to the Department of Commerce such sums as
may be necessary for the establishment and operations of the office established
or designated under subsection (a) and for the payment of the United States
share of the expenses of panels established under chapter 21 of the
Agreement.</text>
</subsection></section><section id="H864614837382486981A7450C58CE60FE"><enum>616.</enum><header>Arbitration of
claims</header><text display-inline="no-display-inline">The United States is
authorized to resolve any claim against the United States covered by article
10.16.1(a)(i)(C) or article 10.16.1(b)(i)(C) of the Agreement, pursuant to the
Investor-State Dispute Settlement procedures set forth in section B of chapter
10 of the Agreement.</text>
</section><section id="H8CAAA2B0AF1E4E7F94E4A0A382B2EA43"><enum>617.</enum><header>Effective
dates; effect of termination</header>
<subsection id="H86AEA93D0AC8413E88A8E4F8804C0743"><enum>(a)</enum><header>Effective
Dates</header><text>Except as provided in subsection (b), this title and the
amendments made by this title take effect on the date on which the Agreement
enters into force.</text>
</subsection><subsection id="H06527BEE31E34E859AEC6B51B6D0FAE0"><enum>(b)</enum><header>Exceptions</header><text>Sections
601 through 603 and this subtitle take effect on the date of the enactment of
this Act.</text>
</subsection><subsection id="H24C5DC03FC714F35890CAE76E611CF01"><enum>(c)</enum><header>Termination of
the Agreement</header><text>On the date on which the Agreement terminates, this
title (other than this subsection) and the amendments made by this title shall
cease to have effect.</text>
</subsection></section></subtitle><subtitle id="H4D6C083238BB4582B4E1F925E5335AEF"><enum>C</enum><header>Customs
Provisions</header>
<section id="H8F98AC57A68A4DE4AC149280292F7750"><enum>621.</enum><header>Tariff
modifications</header>
<subsection id="H1BE37568EF0140A588E8B1A729F24708"><enum>(a)</enum><header>Tariff
Modifications Provided for in the Agreement</header>
<paragraph id="H07669EC849964507B9BF57BBA4FDD540"><enum>(1)</enum><header>Proclamation
authority</header><text>The President may proclaim—</text>
<subparagraph id="HD8AF3AA424E44FF49743F2F93AF0CA47"><enum>(A)</enum><text>such modifications
or continuation of any duty,</text>
</subparagraph><subparagraph id="H3A9010C0ABD1497BAB220690C8121E88"><enum>(B)</enum><text>such continuation
of duty-free or excise treatment, or</text>
</subparagraph><subparagraph id="H0CD5A697A6D447C282F772DD6451E9EA"><enum>(C)</enum><text>such additional
duties,</text>
</subparagraph><continuation-text continuation-text-level="paragraph">as the
President determines to be necessary or appropriate to carry out or apply
articles 2.3, 2.5, 2.6, 3.3.13, and Annex 2.3 of the Agreement.</continuation-text></paragraph><paragraph id="H5E0F257FBB6742548D85CEFB6C2FF6B0"><enum>(2)</enum><header>Effect on gsp
status</header><text>Notwithstanding section 502(a)(1) of the
<act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19 U.S.C.
2462(a)(1)), the President shall, on the date on which the Agreement enters
into force, terminate the designation of Colombia as a beneficiary developing
country for purposes of title V of the <act-name parsable-cite="TA74">Trade Act
of 1974</act-name> (19 U.S.C. 2461 et seq.).</text>
</paragraph></subsection><subsection id="HC6B08BBE68E844C68C13F94814DE2323"><enum>(b)</enum><header>Other Tariff
Modifications</header><text>Subject to the consultation and layover provisions
of section 614, the President may proclaim—</text>
<paragraph id="H95F1392E3ED94A1D85492D7E86BBA780"><enum>(1)</enum><text>such modifications
or continuation of any duty,</text>
</paragraph><paragraph id="H8C7ADAEE70E6416BB457DE899EF992D8"><enum>(2)</enum><text>such modifications
as the United States may agree to with Colombia regarding the staging of any
duty treatment set forth in Annex 2.3 of the Agreement,</text>
</paragraph><paragraph id="H6AC1BCFE8A534C70849790C614999EF9"><enum>(3)</enum><text>such continuation
of duty-free or excise treatment, or</text>
</paragraph><paragraph id="H5824A44F548E4BACB7C79B7E88973FA6"><enum>(4)</enum><text>such additional
duties,</text>
</paragraph><continuation-text continuation-text-level="subsection">as the
President determines to be necessary or appropriate to maintain the general
level of reciprocal and mutually advantageous concessions with respect to
Colombia provided for by the Agreement.</continuation-text></subsection><subsection id="H57199110219D429693E81017C145B239"><enum>(c)</enum><header>Conversion to Ad
Valorem Rates</header><text>For purposes of subsections (a) and (b), with
respect to any good for which the base rate in the Schedule of the United
States to Annex 2.3 of the Agreement is a specific or compound rate of duty,
the President may substitute for the base rate an ad valorem rate that the
President determines to be equivalent to the base rate.</text>
</subsection><subsection id="HB14A8194547A499B8A1942E7E6D1379B"><enum>(d)</enum><header>Tariff Rate
Quotas</header><text>In implementing the tariff rate quotas set forth in
Appendix I to the Schedule of the United States to Annex 2.3 of the Agreement,
the President shall take such action as may be necessary to ensure that imports
of agricultural goods do not disrupt the orderly marketing of commodities in
the United States.</text>
</subsection></section><section id="H68FA96A03D314230AFA5F228001C3E1C"><enum>622.</enum><header>Additional
duties on certain agricultural goods</header>
<subsection id="H4D399F3F51524E9084E2F2343034A1FB"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="H64AE765CD7214B5B82F4561AFA1FA65A"><enum>(1)</enum><header>Applicable ntr
(mfn) rate of duty</header><text>The term <term>applicable NTR (MFN) rate of
duty</term> means, with respect to a safeguard good, a rate of duty equal to
the lowest of—</text>
<subparagraph id="H716A3685689D4795A6BF6F32D04BAD89"><enum>(A)</enum><text>the base rate in
the Schedule of the United States to Annex 2.3 of the Agreement;</text>
</subparagraph><subparagraph id="HA1D330BCDDC64CBD85F7F2BEC001B1FC"><enum>(B)</enum><text>the column 1
general rate of duty that would, on the day before the date on which the
Agreement enters into force, apply to a good classifiable in the same 8-digit
subheading of the HTS as the safeguard good; or</text>
</subparagraph><subparagraph id="H1E9588849CC54F538C6184978CCE4591"><enum>(C)</enum><text>the column 1
general rate of duty that would, at the time the additional duty is imposed
under subsection (b), apply to a good classifiable in the same 8-digit
subheading of the HTS as the safeguard good.</text>
</subparagraph></paragraph><paragraph id="HF3CDC02332884DBA86C0D27F1D814323"><enum>(2)</enum><header>Schedule rate of
duty</header><text>The term <term>schedule rate of duty</term> means, with
respect to a safeguard good, the rate of duty for that good that is set forth
in the Schedule of the United States to Annex 2.3 of the Agreement.</text>
</paragraph><paragraph id="HE2D9F38143C84EA3B1B9A33328D31D28"><enum>(3)</enum><header>Safeguard
good</header><text>The term <term>safeguard good</term> means a good—</text>
<subparagraph id="HD5FC14F29B474D53B0CCD080BF357DF2"><enum>(A)</enum><text>that is included
in the Schedule of the United States to Annex 2.18 of the Agreement;</text>
</subparagraph><subparagraph id="HCFE2C7A07AE34B0E8A60BAE62D891AA1"><enum>(B)</enum><text>that qualifies as
an originating good under section 623, except that operations performed in or
material obtained from the United States shall be considered as if the
operations were performed in, and the material was obtained from, a country
that is not a party to the Agreement; and</text>
</subparagraph><subparagraph id="H97D81B13FFB44FF98E9A263A02AD13C1"><enum>(C)</enum><text>for which a claim
for preferential tariff treatment under the Agreement has been made.</text>
</subparagraph></paragraph></subsection><subsection id="H888A29DFC0B84ADC9D53F45C5E1F90BA"><enum>(b)</enum><header>Additional
Duties on Safeguard Goods</header>
<paragraph id="H9DA17174AA2A4634BA523F4139F7929F"><enum>(1)</enum><header>In
general</header><text>In addition to any duty proclaimed under subsection (a)
or (b) of section 621, the Secretary of the Treasury shall assess a duty, in
the amount determined under paragraph (2), on a safeguard good imported into
the United States in a calendar year if the Secretary determines that, prior to
such importation, the total volume of that safeguard good that is imported into
the United States in that calendar year exceeds 140 percent of the volume that
is provided for that safeguard good in the corresponding year in the applicable
table contained in Appendix I of the General Notes to the Schedule of the
United States to Annex 2.3 of the Agreement. For purposes of this subsection,
year 1 in that table corresponds to the calendar year in which the Agreement
enters into force.</text>
</paragraph><paragraph id="H32B0F86994A64518A49F0A1A22F91B5B"><enum>(2)</enum><header>Calculation of
additional duty</header><text>The additional duty on a safeguard good under
this subsection shall be—</text>
<subparagraph id="HF273523737B245DBA7F71942012B30A9"><enum>(A)</enum><text>in years 1 through
4, an amount equal to 100 percent of the excess of the applicable NTR (MFN)
rate of duty over the schedule rate of duty;</text>
</subparagraph><subparagraph id="HDCA57B8916D04E54A8940149F0B34DE7"><enum>(B)</enum><text>in years 5 through
7, an amount equal to 75 percent of the excess of the applicable NTR (MFN) rate
of duty over the schedule rate of duty; and</text>
</subparagraph><subparagraph id="H63DCC4069F8943EEB663A3A9BFF89480"><enum>(C)</enum><text>in years 8 through
9, an amount equal to 50 percent of the excess of the applicable NTR (MFN) rate
of duty over the schedule rate of duty.</text>
</subparagraph></paragraph><paragraph id="H326ECCDA6F5440B48D217CE531629A3B"><enum>(3)</enum><header>Notice</header><text>Not
later than 60 days after the Secretary of the Treasury first assesses an
additional duty in a calendar year on a good under this subsection, the
Secretary shall notify the Government of Colombia in writing of such action and
shall provide to that Government data supporting the assessment of the
additional duty.</text>
</paragraph></subsection><subsection id="H8CE78C57E8C64C178E954996C9E1B90B"><enum>(c)</enum><header>Exceptions</header><text>No
additional duty shall be assessed on a good under subsection (b) if, at the
time of entry, the good is subject to import relief under—</text>
<paragraph commented="no" id="HB7E78D7E354F4021838EC3C3B16B8ABE"><enum>(1)</enum><text>chapter 1 of
subtitle D of this title; or</text>
</paragraph><paragraph id="H711CF729C8A6406999932336BE32D463"><enum>(2)</enum><text>chapter 1 of title
II of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19
U.S.C. 2251 et seq.).</text>
</paragraph></subsection><subsection id="H8D7D42BE68ED4D48A0DEE98D3EED22E1"><enum>(d)</enum><header>Termination</header><text>The
assessment of an additional duty on a good under subsection (b) shall cease to
apply to that good on the date on which duty-free treatment must be provided to
that good under the Schedule of the United States to Annex 2.3 of the
Agreement.</text>
</subsection></section><section id="H4995255E15A5411A8EA35CF88F0AD2C3"><enum>623.</enum><header>Rules of
origin</header>
<subsection id="H1602D7D8F5004614BE0DEE057BD40D79"><enum>(a)</enum><header>Application and
Interpretation</header><text>In this section:</text>
<paragraph id="HDC99EA54C9B649A795776F996E38253D"><enum>(1)</enum><header>Tariff
classification</header><text>The basis for any tariff classification is the
HTS.</text>
</paragraph><paragraph id="HF9F00E70D39549CFA284CC73E7BA5BA5"><enum>(2)</enum><header>Reference to
hts</header><text>Whenever in this section there is a reference to a chapter,
heading, or subheading, such reference shall be a reference to a chapter,
heading, or subheading of the HTS.</text>
</paragraph><paragraph id="HADB7580624EC48BF8FA76B31EAA9E3A7"><enum>(3)</enum><header>Cost or
value</header><text>Any cost or value referred to in this section shall be
recorded and maintained in accordance with the generally accepted accounting
principles applicable in the territory of the country in which the good is
produced (whether Colombia or the United States).</text>
</paragraph></subsection><subsection id="H2B15A5707D4341718F56483F3A761ABC"><enum>(b)</enum><header>Originating
Goods</header><text>For purposes of this title and for purposes of implementing
the preferential tariff treatment provided for under the Agreement, except as
otherwise provided in this section, a good is an originating good if—</text>
<paragraph id="H574317F15B2C4FD1B366B5A2F2B8EE96"><enum>(1)</enum><text>the good is a good
wholly obtained or produced entirely in the territory of Colombia, the United
States, or both;</text>
</paragraph><paragraph id="H6B359A411A3E45C984113ACA1E5F4357"><enum>(2)</enum><text>the good—</text>
<subparagraph id="HB8F89E44B3E74AEA9DC52FBB4BEB658F"><enum>(A)</enum><text>is produced
entirely in the territory of Colombia, the United States, or both, and—</text>
<clause id="H4B84C9CCB8D24EC5810E70CFD3556D13"><enum>(i)</enum><text>each
of the nonoriginating materials used in the production of the good undergoes an
applicable change in tariff classification specified in Annex 3–A or Annex 4.1
of the Agreement; or</text>
</clause><clause id="H7E5A120508C64A26A315273EA2D986C8"><enum>(ii)</enum><text>the
good otherwise satisfies any applicable regional value-content or other
requirements specified in Annex 3–A or Annex 4.1 of the Agreement; and</text>
</clause></subparagraph><subparagraph id="HE8AE5E174659403B9C25C0FF8D353FF1"><enum>(B)</enum><text>satisfies all
other applicable requirements of this section; or</text>
</subparagraph></paragraph><paragraph id="H2CDB8601A0124872B8A61D7DFDDB2764"><enum>(3)</enum><text>the good is
produced entirely in the territory of Colombia, the United States, or both,
exclusively from materials described in paragraph (1) or (2).</text>
</paragraph></subsection><subsection id="HD713A240B62A4455BE5B7F2ED464099E"><enum>(c)</enum><header>Regional
Value-Content</header>
<paragraph id="H2623B0AAE6FA4C3DBF7511F3E9CCF5CE"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (b)(2), the regional
value-content of a good referred to in Annex 4.1 of the Agreement, except for
goods to which paragraph (4) applies, shall be calculated by the importer,
exporter, or producer of the good, on the basis of the build-down method
described in paragraph (2) or the build-up method described in paragraph
(3).</text>
</paragraph><paragraph id="H1871BA9C8BE24EF68B1AB05C7A54BCBC"><enum>(2)</enum><header>Build-down
method</header>
<subparagraph id="H009126BFDCDC46E3B83EA819241ABA7D"><enum>(A)</enum><header>In
general</header><text>The regional value-content of a good may be calculated on
the basis of the following build-down method:</text>
<table align-to-level="subparagraph" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Formula 6" table-type="exception-quote">
<tgroup actual-width="1" cols="3" grid-typeface="1.1" offset-from-left="112" rowsep="0" thead-tbody-ldg-size="10.10.7"><colspec align="right" coldef="txt-no-ldr-no-spread" colname="column1" colwidth="50pts" min-data-value="50"></colspec><colspec align="center" coldef="txt-no-ldr-no-spread" colname="column2" colwidth="50pts" min-data-value="50"></colspec><colspec coldef="txt-no-ldr-no-spread" colname="column3" colwidth="50pts" min-data-value="50"></colspec>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="clr-ldr">AV−VNM</entry><entry align="left" colname="column3" leader-modify="clr-ldr"></entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">RVC =</entry><entry align="left" colname="column2" leader-modify="clr-ldr">—————</entry><entry align="left" colname="column3" leader-modify="clr-ldr">× 100.</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="clr-ldr">AV</entry><entry align="left" colname="column3" leader-modify="clr-ldr"></entry>
</row>
</tbody>
</tgroup>
</table>
</subparagraph><subparagraph id="HC397076077DA43769758BE3A4AB0963F"><enum>(B)</enum><header>Definitions</header><text>In
subparagraph (A):</text>
<clause id="H56E8FE28229244B3ADFD9F790AD536F9"><enum>(i)</enum><header>AV</header><text>The
term <term>AV</term> means the adjusted value of the good.</text>
</clause><clause id="H6EE9427961154485B84F5E85A3217683"><enum>(ii)</enum><header>RVC</header><text>The
term <term>RVC</term> means the regional value-content of the good, expressed
as a percentage.</text>
</clause><clause id="H2CAD9B0EF55349D898BB19BCCB02AE9C"><enum>(iii)</enum><header>VNM</header><text>The
term <term>VNM</term> means the value of nonoriginating materials that are
acquired and used by the producer in the production of the good, but does not
include the value of a material that is self-produced.</text>
</clause></subparagraph></paragraph><paragraph id="HA85EB52BE3D645A394E0098D85FE11AB"><enum>(3)</enum><header>Build-up
method</header>
<subparagraph id="H165D6B2A3B6D4BFCAEBEE5245922C7AA"><enum>(A)</enum><header>In
general</header><text>The regional value-content of a good may be calculated on
the basis of the following build-up method:</text>
<table align-to-level="subparagraph" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Formula 6" table-type="exception-quote">
<tgroup actual-width="1" cols="3" grid-typeface="1.1" offset-from-left="112" rowsep="0" thead-tbody-ldg-size="10.10.7"><colspec align="right" coldef="txt-no-ldr-no-spread" colname="column1" colwidth="50pts" min-data-value="50"></colspec><colspec align="center" coldef="txt-no-ldr-no-spread" colname="column2" colwidth="50pts" min-data-value="50"></colspec><colspec coldef="txt-no-ldr-no-spread" colname="column3" colwidth="50pts" min-data-value="50"></colspec>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="clr-ldr">VOM</entry><entry align="left" colname="column3" leader-modify="clr-ldr"></entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">RVC =</entry><entry align="left" colname="column2" leader-modify="clr-ldr">—————</entry><entry align="left" colname="column3" leader-modify="clr-ldr">× 100.</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="clr-ldr">AV</entry><entry align="left" colname="column3" leader-modify="clr-ldr"></entry>
</row>
</tbody>
</tgroup>
</table>
</subparagraph><subparagraph id="H6B191A87213E44BA9251873E8BE241E2"><enum>(B)</enum><header>Definitions</header><text>In
subparagraph (A):</text>
<clause id="H4DD332E8CFDA42218C2AE1040AF8EE7C"><enum>(i)</enum><header>AV</header><text>The
term <term>AV</term> means the adjusted value of the good.</text>
</clause><clause id="H3C520CE9AE8C47A2878D87D3FB97C733"><enum>(ii)</enum><header>RVC</header><text>The
term <term>RVC</term> means the regional value-content of the good, expressed
as a percentage.</text>
</clause><clause id="H4930C34F654A454698C9C73DCC540FA3"><enum>(iii)</enum><header>VOM</header><text>The
term <term>VOM</term> means the value of originating materials that are
acquired or self-produced, and used by the producer in the production of the
good.</text>
</clause></subparagraph></paragraph><paragraph id="H6B4EF1325C744B07BE78B58ECA491341"><enum>(4)</enum><header>Special rule for
certain automotive goods</header>
<subparagraph id="HB7EB649C84F64A8CAE044DDDDC3FBF47"><enum>(A)</enum><header>In
general</header><text>For purposes of subsection (b)(2), the regional
value-content of an automotive good referred to in Annex 4.1 of the Agreement
shall be calculated by the importer, exporter, or producer of the good, on the
basis of the following net cost method:</text>
<table align-to-level="subparagraph" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Formula 6" table-type="exception-quote">
<tgroup actual-width="1" cols="3" grid-typeface="1.1" offset-from-left="112" rowsep="0" thead-tbody-ldg-size="10.10.7"><colspec align="right" coldef="txt-no-ldr-no-spread" colname="column1" colwidth="50pts" min-data-value="50"></colspec><colspec align="center" coldef="txt-no-ldr-no-spread" colname="column2" colwidth="50pts" min-data-value="50"></colspec><colspec coldef="txt-no-ldr-no-spread" colname="column3" colwidth="50pts" min-data-value="50"></colspec>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="clr-ldr">NC−VNM</entry><entry align="left" colname="column3" leader-modify="clr-ldr"></entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">RVC =</entry><entry align="left" colname="column2" leader-modify="clr-ldr">—————</entry><entry align="left" colname="column3" leader-modify="clr-ldr">× 100.</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="clr-ldr">NC</entry><entry align="left" colname="column3" leader-modify="clr-ldr"></entry>
</row>
</tbody>
</tgroup>
</table>
</subparagraph><subparagraph id="H425A118A88074891B99194C99C6FCBBE"><enum>(B)</enum><header>Definitions</header><text>In
subparagraph (A):</text>
<clause id="H6A91BBBF63F1420C8AB8FEE760EBF136"><enum>(i)</enum><header>Automotive
good</header><text>The term <term>automotive good</term> means a good provided
for in any of subheadings 8407.31 through 8407.34, subheading 8408.20, heading
8409, or any of headings 8701 through 8708.</text>
</clause><clause id="HCE708B975532494190F108811686F713"><enum>(ii)</enum><header>RVC</header><text>The
term <term>RVC</term> means the regional value-content of the automotive good,
expressed as a percentage.</text>
</clause><clause id="H4871EA3AA23A4A6E89A41B4273AF5ACE"><enum>(iii)</enum><header>NC</header><text>The
term <term>NC</term> means the net cost of the automotive good.</text>
</clause><clause id="HE58C77225CC6481B906127819E7CCC36"><enum>(iv)</enum><header>VNM</header><text>The
term <term>VNM</term> means the value of nonoriginating materials that are
acquired and used by the producer in the production of the automotive good, but
does not include the value of a material that is self-produced.</text>
</clause></subparagraph><subparagraph id="H8672F8D2A5704ABE9A51222C06A9C939"><enum>(C)</enum><header>Motor
vehicles</header>
<clause id="HFA709DA8A25047C88CC11B2902C88DFD"><enum>(i)</enum><header>Basis of
calculation</header><text>For purposes of determining the regional
value-content under subparagraph (A) for an automotive good that is a motor
vehicle provided for in any of headings 8701 through 8705, an importer,
exporter, or producer may average the amounts calculated under the formula
contained in subparagraph (A), over the producer’s fiscal year—</text>
<subclause id="H2F0E2292CC7645EEB9CCC36F89FE0B9A"><enum>(I)</enum><text>with respect to
all motor vehicles in any one of the categories described in clause (ii);
or</text>
</subclause><subclause id="H2C75D57D994D421091F3D39B6275DD36"><enum>(II)</enum><text>with respect to
all motor vehicles in any such category that are exported to the territory of
the United States or Colombia.</text>
</subclause></clause><clause id="HC5AA3EB9BD324DCFB44AFBD9E70B0ECF"><enum>(ii)</enum><header>Categories</header><text>A
category is described in this clause if it—</text>
<subclause id="H5E505BE68F3C477E8B058CAA22408C37"><enum>(I)</enum><text>is the same model
line of motor vehicles, is in the same class of motor vehicles, and is produced
in the same plant in the territory of Colombia or the United States, as the
good described in clause (i) for which regional value-content is being
calculated;</text>
</subclause><subclause id="H1C024E5FA1434B43AEE2071E5BB75DB5"><enum>(II)</enum><text>is the same class
of motor vehicles, and is produced in the same plant in the territory of
Colombia or the United States, as the good described in clause (i) for which
regional value-content is being calculated; or</text>
</subclause><subclause id="H40A6041DC97B43DBBEBA3766A8DD52EF"><enum>(III)</enum><text>is the same
model line of motor vehicles produced in the territory of Colombia or the
United States as the good described in clause (i) for which regional
value-content is being calculated.</text>
</subclause></clause></subparagraph><subparagraph id="HB6B275102B1440A1A6D4570AA5573220"><enum>(D)</enum><header>Other automotive
goods</header><text>For purposes of determining the regional value-content
under subparagraph (A) for automotive materials provided for in any of
subheadings 8407.31 through 8407.34, in subheading 8408.20, or in heading 8409,
8706, 8707, or 8708, that are produced in the same plant, an importer,
exporter, or producer may—</text>
<clause id="H3FEAD888049F4A7CA3821997B2FEE816"><enum>(i)</enum><text>average the
amounts calculated under the formula contained in subparagraph (A) over—</text>
<subclause id="H638A0306A2FB4B949EB78833E4063344"><enum>(I)</enum><text>the fiscal year of
the motor vehicle producer to whom the automotive goods are sold,</text>
</subclause><subclause id="H9A277FA5DE264B0FBD252F9B1CCA8DC5"><enum>(II)</enum><text>any quarter or
month, or</text>
</subclause><subclause id="H16739554757C466880B8C8D30D219388"><enum>(III)</enum><text>the fiscal year
of the producer of such goods,</text>
</subclause><continuation-text continuation-text-level="clause">if the goods
were produced during the fiscal year, quarter, or month that is the basis for
the calculation;</continuation-text></clause><clause id="HF6A52E0A853E487FA876108D49BE0F92"><enum>(ii)</enum><text>determine the
average referred to in clause (i) separately for such goods sold to 1 or more
motor vehicle producers; or</text>
</clause><clause id="H46F75DD2EBF74C79A7906903D92F3D8C"><enum>(iii)</enum><text>make a separate
determination under clause (i) or (ii) for such goods that are exported to the
territory of Colombia or the United States.</text>
</clause></subparagraph><subparagraph id="H36305CB07BB341BCA1DECC09B01BA8CF"><enum>(E)</enum><header>Calculating net
cost</header><text>The importer, exporter, or producer of an automotive good
shall, consistent with the provisions regarding allocation of costs provided
for in generally accepted accounting principles, determine the net cost of the
automotive good under subparagraph (B) by—</text>
<clause id="HE5A8C8BD707944869AE2DD0B09B30EC5"><enum>(i)</enum><text>calculating the
total cost incurred with respect to all goods produced by the producer of the
automotive good, subtracting any sales promotion, marketing, and after-sales
service costs, royalties, shipping and packing costs, and nonallowable interest
costs that are included in the total cost of all such goods, and then
reasonably allocating the resulting net cost of those goods to the automotive
good;</text>
</clause><clause id="H6CF5CF8F1A524AED9FB176DDD57FA12D"><enum>(ii)</enum><text>calculating the
total cost incurred with respect to all goods produced by that producer,
reasonably allocating the total cost to the automotive good, and then
subtracting any sales promotion, marketing, and after-sales service costs,
royalties, shipping and packing costs, and nonallowable interest costs that are
included in the portion of the total cost allocated to the automotive good;
or</text>
</clause><clause id="H302904454ED94B089A4A26547718B57B"><enum>(iii)</enum><text>reasonably
allocating each cost that forms part of the total cost incurred with respect to
the automotive good so that the aggregate of these costs does not include any
sales promotion, marketing, and after-sales service costs, royalties, shipping
and packing costs, or nonallowable interest costs.</text>
</clause></subparagraph></paragraph></subsection><subsection id="HD87E5B18D48145B2B064CC1F0BA78C87"><enum>(d)</enum><header>Value of
Materials</header>
<paragraph id="H84F18895147F4046822EB907A82DA3AC"><enum>(1)</enum><header>In
general</header><text>For the purpose of calculating the regional value-content
of a good under subsection (c), and for purposes of applying the de minimis
rules under subsection (f), the value of a material is—</text>
<subparagraph id="H878502AC1B6F4812B25D53D7C65EF117"><enum>(A)</enum><text>in the case of a
material that is imported by the producer of the good, the adjusted value of
the material;</text>
</subparagraph><subparagraph id="H7802BFABCDCB4D0288B3A48E3E2FC9E7"><enum>(B)</enum><text>in the case of a
material acquired in the territory in which the good is produced, the value,
determined in accordance with Articles 1 through 8, Article 15, and the
corresponding interpretive notes, of the Agreement on Implementation of Article
VII of the General Agreement on Tariffs and Trade 1994 referred to in section
101(d)(8) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(8)), as set
forth in regulations promulgated by the Secretary of the Treasury providing for
the application of such Articles in the absence of an importation by the
producer; or</text>
</subparagraph><subparagraph id="HAE026A810ACB487AB10EA1ECAF276BDA"><enum>(C)</enum><text>in the case of a
material that is self-produced, the sum of—</text>
<clause id="HD80011A625904E3EBF0E47CC5E42F77A"><enum>(i)</enum><text>all
expenses incurred in the production of the material, including general
expenses; and</text>
</clause><clause id="H405E4DE8ECBF4B03AF1409E59A494A93"><enum>(ii)</enum><text>an
amount for profit equivalent to the profit added in the normal course of
trade.</text>
</clause></subparagraph></paragraph><paragraph id="H7B3F82354B864796A3F6C6DD26969EDC"><enum>(2)</enum><header>Further
adjustments to the value of materials</header>
<subparagraph id="H9FDC6A1C418542E6891C61B9A63C62F2"><enum>(A)</enum><header>Originating
material</header><text>The following expenses, if not included in the value of
an originating material calculated under paragraph (1), may be added to the
value of the originating material:</text>
<clause id="H35130FB2A0AF4709909247A5D0CEEB4B"><enum>(i)</enum><text>The
costs of freight, insurance, packing, and all other costs incurred in
transporting the material within or between the territory of Colombia, the
United States, or both, to the location of the producer.</text>
</clause><clause id="H808EA0E375964EA29FC3BB6BEEC5BE12"><enum>(ii)</enum><text>Duties, taxes,
and customs brokerage fees on the material paid in the territory of Colombia,
the United States, or both, other than duties or taxes that are waived,
refunded, refundable, or otherwise recoverable, including credit against duty
or tax paid or payable.</text>
</clause><clause id="H3899B159E8A54454A278BA12B7E1A0ED"><enum>(iii)</enum><text>The cost of
waste and spoilage resulting from the use of the material in the production of
the good, less the value of renewable scrap or byproducts.</text>
</clause></subparagraph><subparagraph id="HC328F8A715A541798C54478D91DAF817"><enum>(B)</enum><header>Nonoriginating
material</header><text>The following expenses, if included in the value of a
nonoriginating material calculated under paragraph (1), may be deducted from
the value of the nonoriginating material:</text>
<clause id="HC547B9127AB54EA3B0F6C7D3C63D3304"><enum>(i)</enum><text>The
costs of freight, insurance, packing, and all other costs incurred in
transporting the material within or between the territory of Colombia, the
United States, or both, to the location of the producer.</text>
</clause><clause id="H366F2403319E45B696F73B599B3ECCF9"><enum>(ii)</enum><text>Duties, taxes,
and customs brokerage fees on the material paid in the territory of Colombia,
the United States, or both, other than duties or taxes that are waived,
refunded, refundable, or otherwise recoverable, including credit against duty
or tax paid or payable.</text>
</clause><clause id="H31C941D1F43742CAA0BBAE67AE1CEE1A"><enum>(iii)</enum><text>The cost of
waste and spoilage resulting from the use of the material in the production of
the good, less the value of renewable scrap or byproducts.</text>
</clause><clause id="H72DE09863E5C45EE9B296D86B434774B"><enum>(iv)</enum><text>The
cost of originating materials used in the production of the nonoriginating
material in the territory of Colombia, the United States, or both.</text>
</clause></subparagraph></paragraph></subsection><subsection id="HEF1AF61A5D5147418EAB24E2CC5057C3"><enum>(e)</enum><header>Accumulation</header>
<paragraph id="H3A58A2DE1B0C454B91A333523404B142"><enum>(1)</enum><header>Originating
materials used in production of goods of another
country</header><text>Originating materials from the territory of Colombia or
the United States that are used in the production of a good in the territory of
the other country shall be considered to originate in the territory of such
other country.</text>
</paragraph><paragraph id="HD874CF38846246B5B0E2538B0274BB9F"><enum>(2)</enum><header>Multiple
producers</header><text>A good that is produced in the territory of Colombia,
the United States, or both, by 1 or more producers, is an originating good if
the good satisfies the requirements of subsection (b) and all other applicable
requirements of this section.</text>
</paragraph></subsection><subsection id="H205316311D8445E68BA0348500AE15D0"><enum>(f)</enum><header>De Minimis
Amounts of Nonoriginating Materials</header>
<paragraph id="HE4E0FA3D53E043418875DF7509A02F8E"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraphs (2) and (3), a good that
does not undergo a change in tariff classification pursuant to Annex 4.1 of the
Agreement is an originating good if—</text>
<subparagraph id="H7EBA55C5F01C473D8BCCCA3CAC6789E1"><enum>(A)</enum><clause commented="no" display-inline="yes-display-inline" id="HB3579FFCECF8450786ACFDCFDA40B044"><enum>(i)</enum><text>the value of all
nonoriginating materials that—</text>
<subclause id="H132F25B1E2D743639DEA5455BCE0F088" indent="up1"><enum>(I)</enum><text>are used in the production of the good,
and</text>
</subclause><subclause id="HE3A32CAEB19944AC8778926E4CC64856" indent="up1"><enum>(II)</enum><text>do not undergo the applicable change in
tariff classification (set forth in Annex 4.1 of the Agreement),</text>
</subclause></clause><continuation-text continuation-text-level="subparagraph">does not
exceed 10 percent of the adjusted value of the good;</continuation-text><clause id="H7D1700AB22AB4527B3AF3387D04C5A4A" indent="up1"><enum>(ii)</enum><text>the good meets all other
applicable requirements of this section; and</text>
</clause><clause id="H79EC1AEA812142D191DEE63DB20CFDE9" indent="up1"><enum>(iii)</enum><text>the value of such nonoriginating
materials is included in the value of nonoriginating materials for any
applicable regional value-content requirement for the good; or</text>
</clause></subparagraph><subparagraph id="HA068168AC9DE4C30B4705032647C5631"><enum>(B)</enum><text>the good meets the
requirements set forth in paragraph 2 of Annex 4.6 of the Agreement.</text>
</subparagraph></paragraph><paragraph id="H895E7FD665504B8E841DAEA25482136F"><enum>(2)</enum><header>Exceptions</header><text>Paragraph
(1) does not apply to the following:</text>
<subparagraph id="H98EA3E1124E44156914F3955A85063EE"><enum>(A)</enum><text>A nonoriginating
material provided for in chapter 4, or a nonoriginating dairy preparation
containing over 10 percent by weight of milk solids provided for in subheading
1901.90 or 2106.90, that is used in the production of a good provided for in
chapter 4.</text>
</subparagraph><subparagraph id="HF74479CBCCC3484FAD62416C1D0B188A"><enum>(B)</enum><text>A nonoriginating
material provided for in chapter 4, or a nonoriginating dairy preparation
containing over 10 percent by weight of milk solids provided for in subheading
1901.90, that is used in the production of any of the following goods:</text>
<clause id="H86C87E08AFDD4119901FFFA91B20A9D9"><enum>(i)</enum><text>Infant
preparations containing over 10 percent by weight of milk solids provided for
in subheading 1901.10.</text>
</clause><clause id="H969BC2ED8E0F40288C18FD8284F68EA1"><enum>(ii)</enum><text>Mixes and doughs,
containing over 25 percent by weight of butterfat, not put up for retail sale,
provided for in subheading 1901.20.</text>
</clause><clause id="H4992E044F72541F995D62AAEA06DEC57"><enum>(iii)</enum><text>Dairy
preparations containing over 10 percent by weight of milk solids provided for
in subheading 1901.90 or 2106.90.</text>
</clause><clause id="HB6B763214FE54F90A3622485DB542838"><enum>(iv)</enum><text>Goods provided
for in heading 2105.</text>
</clause><clause id="H41536D3E5E3449508D015EC59A8E5847"><enum>(v)</enum><text>Beverages
containing milk provided for in subheading 2202.90.</text>
</clause><clause id="HF4BAA272B43341FBB515DEF274DD8840"><enum>(vi)</enum><text>Animal feeds
containing over 10 percent by weight of milk solids provided for in subheading
2309.90.</text>
</clause></subparagraph><subparagraph id="HEE1FE89FE29147738C33246265610F95"><enum>(C)</enum><text>A nonoriginating
material provided for in heading 0805, or any of subheadings 2009.11 through
2009.39, that is used in the production of a good provided for in any of
subheadings 2009.11 through 2009.39, or in fruit or vegetable juice of any
single fruit or vegetable, fortified with minerals or vitamins, concentrated or
unconcentrated, provided for in subheading 2106.90 or 2202.90.</text>
</subparagraph><subparagraph id="HF942D319263D4797934FA655D08283E0"><enum>(D)</enum><text>A nonoriginating
material provided for in heading 0901 or 2101 that is used in the production of
a good provided for in heading 0901 or 2101.</text>
</subparagraph><subparagraph id="H798D3B6FF4E040918F2AF1CC239A249F"><enum>(E)</enum><text>A nonoriginating
material provided for in chapter 15 that is used in the production of a good
provided for in any of headings 1501 through 1508, or any of headings 1511
through 1515.</text>
</subparagraph><subparagraph id="H488822B256584A58ACE7D098D4744BCF"><enum>(F)</enum><text>A nonoriginating
material provided for in heading 1701 that is used in the production of a good
provided for in any of headings 1701 through 1703.</text>
</subparagraph><subparagraph id="H4177B2AA07CA46AE983EC60EAF13E992"><enum>(G)</enum><text>A nonoriginating
material provided for in chapter 17 that is used in the production of a good
provided for in subheading 1806.10.</text>
</subparagraph><subparagraph id="H0F19E89D98FB480D8810229A271DF342"><enum>(H)</enum><text>Except as provided
in subparagraphs (A) through (G) and Annex 4.1 of the Agreement, a
nonoriginating material used in the production of a good provided for in any of
chapters 1 through 24, unless the nonoriginating material is provided for in a
different subheading than the good for which origin is being determined under
this section.</text>
</subparagraph><subparagraph id="H49D23B4A51FD4179AFA1093D98514416"><enum>(I)</enum><text>A nonoriginating
material that is a textile or apparel good.</text>
</subparagraph></paragraph><paragraph id="H124014A22CE349A588B4CE098CFE2FC0"><enum>(3)</enum><header>Textile or
apparel goods</header>
<subparagraph id="H3ECE924057E64D0BBB135182BF6B5296"><enum>(A)</enum><header>In
general</header><text>Except as provided in subparagraph (B), a textile or
apparel good that is not an originating good because certain fibers or yarns
used in the production of the component of the good that determines the tariff
classification of the good do not undergo an applicable change in tariff
classification, set forth in Annex 3–A of the Agreement, shall be considered to
be an originating good if—</text>
<clause id="H325EC407CA884FE7B0F21AB810F8B163"><enum>(i)</enum><text>the
total weight of all such fibers or yarns in that component is not more than 10
percent of the total weight of that component; or</text>
</clause><clause id="HD688CA7D13F0412CBA238394517D3FE7"><enum>(ii)</enum><text>the
yarns are those described in section 204(b)(3)(B)(vi)(IV) of the Andean Trade
Preference Act (19 U.S.C. 3203(b)(3)(B)(vi)(IV)) (as in effect on the date of
the enactment of this Act).</text>
</clause></subparagraph><subparagraph id="H8BDA5D5BFBC145B3970B97742408C072"><enum>(B)</enum><header>Certain textile
or apparel goods</header><text>A textile or apparel good containing elastomeric
yarns in the component of the good that determines the tariff classification of
the good shall be considered to be an originating good only if such yarns are
wholly formed in the territory of Colombia, the United States, or both.</text>
</subparagraph><subparagraph id="HD70AC9DDF94E448888DD6F5D8D1389CE"><enum>(C)</enum><header>Yarn, fabric, or
fiber</header><text>For purposes of this paragraph, in the case of a good that
is a yarn, fabric, or fiber, the term <term>component of the good that
determines the tariff classification of the good</term> means all of the fibers
in the good.</text>
</subparagraph></paragraph></subsection><subsection id="H99CBA4B8827B4395A416599D9925EBBF"><enum>(g)</enum><header>Fungible Goods
and Materials</header>
<paragraph id="H9CBE4280E7E74496985B9DED7E8855D7"><enum>(1)</enum><header>In
general</header>
<subparagraph id="HECFD07087B8F46548A797897B8B399E6"><enum>(A)</enum><header>Claim for
preferential tariff treatment</header><text>A person claiming that a fungible
good or fungible material is an originating good may base the claim either on
the physical segregation of the fungible good or fungible material or by using
an inventory management method with respect to the fungible good or fungible
material.</text>
</subparagraph><subparagraph id="H4F292B1E5B274BA8A7385162FC5A9A47"><enum>(B)</enum><header>Inventory
management method</header><text>In this subsection, the term <term>inventory
management method</term> means—</text>
<clause id="H598A51E5C4314739B7201F073025C5ED"><enum>(i)</enum><text>averaging;</text>
</clause><clause id="H354585049193428DB728F91960308412"><enum>(ii)</enum><text><quote>last-in,
first-out</quote>;</text>
</clause><clause id="H6042C22D02124515B94D7FFD200A28F2"><enum>(iii)</enum><text><quote>first-in,
first-out</quote>; or</text>
</clause><clause id="H1B29F99B81404AF5844A91B0707D2B85"><enum>(iv)</enum><text>any
other method—</text>
<subclause id="H35792326D57B48EEA3382A9E335DB845"><enum>(I)</enum><text>recognized in the
generally accepted accounting principles of the country in which the production
is performed (whether Colombia or the United States); or</text>
</subclause><subclause id="H4D696AC92A294D16A5C597A5624E2CA1"><enum>(II)</enum><text>otherwise
accepted by that country.</text>
</subclause></clause></subparagraph></paragraph><paragraph id="H73616EFEC18A42BBA37F219FCF8F3747"><enum>(2)</enum><header>Election of
inventory method</header><text>A person selecting an inventory management
method under paragraph (1) for a particular fungible good or fungible material
shall continue to use that method for that fungible good or fungible material
throughout the fiscal year of such person.</text>
</paragraph></subsection><subsection id="H768AD1149ADE421A9F67FD5EA29C49D7"><enum>(h)</enum><header>Accessories,
Spare Parts, or Tools</header>
<paragraph id="HF355CDA6529C421E9781BAC2519C0685"><enum>(1)</enum><header>In
general</header><text>Subject to paragraphs (2) and (3), accessories, spare
parts, or tools delivered with a good that form part of the good’s standard
accessories, spare parts, or tools shall—</text>
<subparagraph id="HD073CB8607624AA190B5DE43191F3DA8"><enum>(A)</enum><text>be treated as
originating goods if the good is an originating good; and</text>
</subparagraph><subparagraph id="H5A77F1B1C5B74ABF9E3C3A97C18E4A87"><enum>(B)</enum><text>be disregarded in
determining whether all the nonoriginating materials used in the production of
the good undergo the applicable change in tariff classification set forth in
Annex 4.1 of the Agreement.</text>
</subparagraph></paragraph><paragraph id="H641980662A0A43D1A828FE2845576A56"><enum>(2)</enum><header>Conditions</header><text>Paragraph
(1) shall apply only if—</text>
<subparagraph id="HDFCE2903D4744C879F29C8D7F02C33DD"><enum>(A)</enum><text>the accessories,
spare parts, or tools are classified with and not invoiced separately from the
good, regardless of whether such accessories, spare parts, or tools are
specified or are separately identified in the invoice for the good; and</text>
</subparagraph><subparagraph id="HEFEAE3F8D24B45F893EFF695C00C82CE"><enum>(B)</enum><text>the quantities and
value of the accessories, spare parts, or tools are customary for the
good.</text>
</subparagraph></paragraph><paragraph id="H91A9C55069A744D1847AFAA142A6CE6A"><enum>(3)</enum><header>Regional
value-content</header><text>If the good is subject to a regional value-content
requirement, the value of the accessories, spare parts, or tools shall be taken
into account as originating or nonoriginating materials, as the case may be, in
calculating the regional value-content of the good.</text>
</paragraph></subsection><subsection id="HC093A1C62DDF407EA1DA633E36258DC0"><enum>(i)</enum><header>Packaging
Materials and Containers for Retail Sale</header><text>Packaging materials and
containers in which a good is packaged for retail sale, if classified with the
good, shall be disregarded in determining whether all the nonoriginating
materials used in the production of the good undergo the applicable change in
tariff classification set forth in Annex 3–A or Annex 4.1 of the Agreement,
and, if the good is subject to a regional value-content requirement, the value
of such packaging materials and containers shall be taken into account as
originating or nonoriginating materials, as the case may be, in calculating the
regional value-content of the good.</text>
</subsection><subsection id="H1B5C24CE651A45CFAD5CDB347684B6F3"><enum>(j)</enum><header>Packing
Materials and Containers for Shipment</header><text>Packing materials and
containers for shipment shall be disregarded in determining whether a good is
an originating good.</text>
</subsection><subsection id="H717E0B9D851840F5994A690214D4A9F1"><enum>(k)</enum><header>Indirect
Materials</header><text>An indirect material shall be treated as an originating
material without regard to where it is produced.</text>
</subsection><subsection id="H50E881A391F14DC4B7693D60EB95CF91"><enum>(l)</enum><header>Transit and
Transhipment</header><text>A good that has undergone production necessary to
qualify as an originating good under subsection (b) shall not be considered to
be an originating good if, subsequent to that production, the good—</text>
<paragraph id="H18E1AE922A0A4EDE9B723A3EBB2A1447"><enum>(1)</enum><text>undergoes further
production or any other operation outside the territory of Colombia or the
United States, other than unloading, reloading, or any other operation
necessary to preserve the good in good condition or to transport the good to
the territory of Colombia or the United States; or</text>
</paragraph><paragraph id="H2EB072AFA3F94A98AA176733CAA49223"><enum>(2)</enum><text>does not remain
under the control of customs authorities in the territory of a country other
than Colombia or the United States.</text>
</paragraph></subsection><subsection id="H9320852310854B00A0D07495DFC0503F"><enum>(m)</enum><header>Goods
Classifiable as Goods Put Up in Sets</header><text>Notwithstanding the rules
set forth in Annex 3–A and Annex 4.1 of the Agreement, goods classifiable as
goods put up in sets for retail sale as provided for in General Rule of
Interpretation 3 of the HTS shall not be considered to be originating goods
unless—</text>
<paragraph id="HADA403417C99435FAF02892155845ECE"><enum>(1)</enum><text>each of the goods
in the set is an originating good; or</text>
</paragraph><paragraph id="H0331A49F542C407E98D3CF4BA78622D6"><enum>(2)</enum><text>the total value of
the nonoriginating goods in the set does not exceed—</text>
<subparagraph id="HD96E5886A5AA4C86B16068C8CC48E0B1"><enum>(A)</enum><text>in the case of
textile or apparel goods, 10 percent of the adjusted value of the set;
or</text>
</subparagraph><subparagraph id="H6592008055C4497281E1C1EDBB594B7E"><enum>(B)</enum><text>in the case of a
good, other than a textile or apparel good, 15 percent of the adjusted value of
the set.</text>
</subparagraph></paragraph></subsection><subsection id="H965B75B0E19F474397BB868BEC2BB689"><enum>(n)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="HDBD8079CECE748C5AD6C8F1C620DA261"><enum>(1)</enum><header>Adjusted
value</header><text>The term <term>adjusted value</term> means the value
determined in accordance with articles 1 through 8, article 15, and the
corresponding interpretive notes, of the Agreement on Implementation of Article
VII of the General Agreement on Tariffs and Trade 1994 referred to in section
101(d)(8) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(8)), adjusted,
if necessary, to exclude any costs, charges, or expenses incurred for
transportation, insurance, and related services incident to the international
shipment of the merchandise from the country of exportation to the place of
importation.</text>
</paragraph><paragraph id="H35307C7993854CCEAD5D198A7B37472E"><enum>(2)</enum><header>Class of motor
vehicles</header><text>The term <term>class of motor vehicles</term> means any
one of the following categories of motor vehicles:</text>
<subparagraph id="H351D8B4647874A77B032EEF8B7BD3B80"><enum>(A)</enum><text>Motor vehicles
provided for in subheading 8701.20, 8704.10, 8704.22, 8704.23, 8704.32, or
8704.90, or heading 8705 or 8706, or motor vehicles for the transport of 16 or
more persons provided for in subheading 8702.10 or 8702.90.</text>
</subparagraph><subparagraph id="H485ADF85CBEA47A485407C3A6D461CD9"><enum>(B)</enum><text>Motor vehicles
provided for in subheading 8701.10 or any of subheadings 8701.30 through
8701.90.</text>
</subparagraph><subparagraph id="H38B3B5BAE40848AB8C2C5E4004FB41DC"><enum>(C)</enum><text>Motor vehicles for
the transport of 15 or fewer persons provided for in subheading 8702.10 or
8702.90, or motor vehicles provided for in subheading 8704.21 or
8704.31.</text>
</subparagraph><subparagraph id="H1CD3D7B8FD9E459795A2F138ABC36230"><enum>(D)</enum><text>Motor vehicles
provided for in any of subheadings 8703.21 through 8703.90.</text>
</subparagraph></paragraph><paragraph id="H812290AD17EE44D786E05D41F59D5500"><enum>(3)</enum><header>Fungible good or
fungible material</header><text>The term <term>fungible good</term> or
<term>fungible material</term> means a good or material, as the case may be,
that is interchangeable with another good or material for commercial purposes
and the properties of which are essentially identical to such other good or
material.</text>
</paragraph><paragraph id="H4A3798246D414ED68E76D3365BFCA25A"><enum>(4)</enum><header>Generally
accepted accounting principles</header><text>The term <term>generally accepted
accounting principles</term> means the recognized consensus or substantial
authoritative support in the territory of Colombia or the United States, as the
case may be, with respect to the recording of revenues, expenses, costs,
assets, and liabilities, the disclosure of information, and the preparation of
financial statements. The principles may encompass broad guidelines of general
application as well as detailed standards, practices, and procedures.</text>
</paragraph><paragraph id="H6C6725AF406241CEBA63315E207CF18D"><enum>(5)</enum><header>Good wholly
obtained or produced entirely in the territory of colombia, the united states,
or both</header><text>The term <term>good wholly obtained or produced entirely
in the territory of Colombia, the United States, or both</term> means any of
the following:</text>
<subparagraph id="HB6C59973E405498E892245188E402A63"><enum>(A)</enum><text>Plants and plant
products harvested or gathered in the territory of Colombia, the United States,
or both.</text>
</subparagraph><subparagraph id="H3BD3C59133C14D04BA528B3921F264EF"><enum>(B)</enum><text>Live animals born
and raised in the territory of Colombia, the United States, or both.</text>
</subparagraph><subparagraph id="HF4A62D190CF546D4A5E33A28E79394DA"><enum>(C)</enum><text>Goods obtained in
the territory of Colombia, the United States, or both from live animals.</text>
</subparagraph><subparagraph id="H18F085D764AF4AC28B27E55C75AF0911"><enum>(D)</enum><text>Goods obtained
from hunting, trapping, fishing, or aquaculture conducted in the territory of
Colombia, the United States, or both.</text>
</subparagraph><subparagraph id="H2798515829AE45868780F339EC2DAEB0"><enum>(E)</enum><text>Minerals and other
natural resources not included in subparagraphs (A) through (D) that are
extracted or taken from the territory of Colombia, the United States, or
both.</text>
</subparagraph><subparagraph id="H145C45DA772F442E83D9A5FF0566E76C"><enum>(F)</enum><text>Fish, shellfish,
and other marine life taken from the sea, seabed, or subsoil outside the
territory of Colombia or the United States by—</text>
<clause id="HF7EF0F985A884FC4ABBE954673B0B27F"><enum>(i)</enum><text>a
vessel that is registered or recorded with Colombia and flying the flag of
Colombia; or</text>
</clause><clause id="H790053F6C3954E21AD181696147535F8"><enum>(ii)</enum><text>a
vessel that is documented under the laws of the United States.</text>
</clause></subparagraph><subparagraph id="HE5FCF48270EC42639C67EF76F1646A39"><enum>(G)</enum><text>Goods produced on
board a factory ship from goods referred to in subparagraph (F), if such
factory ship—</text>
<clause id="HCE03513D1E9B43688D3042606D0CA86A"><enum>(i)</enum><text>is
registered or recorded with Colombia and flies the flag of Colombia; or</text>
</clause><clause id="H5B6FE7F18EBF474FA6120F9AD8DBFAAE"><enum>(ii)</enum><text>is
a vessel that is documented under the laws of the United States.</text>
</clause></subparagraph><subparagraph id="HC396A3DEB39442F892812E99C564D6DF"><enum>(H)</enum><clause commented="no" display-inline="yes-display-inline" id="HBE62175130094746B115377E84330C93"><enum>(i)</enum><text>Goods taken by Colombia
or a person of Colombia from the seabed or subsoil outside the territorial
waters of Colombia, if Colombia has rights to exploit such seabed or
subsoil.</text>
</clause><clause id="HC969B92EDEA04927B89FE77A558B670C" indent="up1"><enum>(ii)</enum><text>Goods taken by the United States
or a person of the United States from the seabed or subsoil outside the
territorial waters of the United States, if the United States has rights to
exploit such seabed or subsoil.</text>
</clause></subparagraph><subparagraph id="idB75C6DA5BEDB4238AD6754961C5BE2AA"><enum>(I)</enum><text>Goods taken from
outer space, if the goods are obtained by Colombia or the United States or a
person of Colombia or the United States and not processed in the territory of a
country other than Colombia or the United States.</text>
</subparagraph><subparagraph id="H0E17786A73C14EE3B5ECC00966FC54F6"><enum>(J)</enum><text>Waste and scrap
derived from—</text>
<clause id="HE90B15F2AA9C45F8B0259A34C7F129D2"><enum>(i)</enum><text>manufacturing or
processing operations in the territory of Colombia, the United States, or both;
or</text>
</clause><clause id="HDF2B7454B47548BBB5D87C2CD053297A"><enum>(ii)</enum><text>used goods
collected in the territory of Colombia, the United States, or both, if such
goods are fit only for the recovery of raw materials.</text>
</clause></subparagraph><subparagraph id="H2FEB1FD38F8D428FBCFD7B62F090A1C8"><enum>(K)</enum><text>Recovered goods
derived in the territory of Colombia, the United States, or both, from used
goods, and used in the territory of Colombia, the United States, or both, in
the production of remanufactured goods.</text>
</subparagraph><subparagraph id="HE82B93312C8648E89A253AC2B444C2BE"><enum>(L)</enum><text>Goods, at any
stage of production, produced in the territory of Colombia, the United States,
or both, exclusively from—</text>
<clause id="H5613674A6B8E4EC3A711499CE24F8355"><enum>(i)</enum><text>goods referred to
in any of subparagraphs (A) through (J); or</text>
</clause><clause id="H406B50CC2DC7492D951C557260E99769"><enum>(ii)</enum><text>the
derivatives of goods referred to in clause (i).</text>
</clause></subparagraph></paragraph><paragraph id="H5BD754A06DB843F5A63AF87850074897"><enum>(6)</enum><header>Identical
goods</header><text>The term <term>identical goods</term> means goods that are
the same in all respects relevant to the rule of origin that qualifies the
goods as originating goods.</text>
</paragraph><paragraph id="H1EA19CABA91D4CA49A0BC5A033445BE9"><enum>(7)</enum><header>Indirect
material</header><text>The term <term>indirect material</term> means a good
used in the production, testing, or inspection of another good but not
physically incorporated into that other good, or a good used in the maintenance
of buildings or the operation of equipment associated with the production of
another good, including—</text>
<subparagraph id="HA3940AEEA8D34CC9B200A24678D974DA"><enum>(A)</enum><text>fuel and
energy;</text>
</subparagraph><subparagraph id="HF402EB01123B4B08B2FAEDDDECC1416A"><enum>(B)</enum><text>tools, dies, and
molds;</text>
</subparagraph><subparagraph id="H20CDF76B0F44446D9F8CE1DE385FB971"><enum>(C)</enum><text>spare parts and
materials used in the maintenance of equipment or buildings;</text>
</subparagraph><subparagraph id="H1DD77BD24D3D4CA78E166123813346BA"><enum>(D)</enum><text>lubricants,
greases, compounding materials, and other materials used in production or used
to operate equipment or buildings;</text>
</subparagraph><subparagraph id="H511803FB81F4453695DCD329949AEAF6"><enum>(E)</enum><text>gloves, glasses,
footwear, clothing, safety equipment, and supplies;</text>
</subparagraph><subparagraph id="H2DF15A209C9B441A9C176DC21163B1C4"><enum>(F)</enum><text>equipment,
devices, and supplies used for testing or inspecting the good;</text>
</subparagraph><subparagraph id="H0EBA522A61FD4F49BF231AA5054FDBEB"><enum>(G)</enum><text>catalysts and
solvents; and</text>
</subparagraph><subparagraph id="HAA02CF5A87B049EB871A8BB96C6B5E8C"><enum>(H)</enum><text>any other goods
that are not incorporated into the other good but the use of which in the
production of the other good can reasonably be demonstrated to be a part of
that production.</text>
</subparagraph></paragraph><paragraph id="H3E04C57ED8A34425A8CC955B181C6A58"><enum>(8)</enum><header>Material</header><text>The
term <term>material</term> means a good that is used in the production of
another good, including a part or an ingredient.</text>
</paragraph><paragraph id="HDB0A53F2E3734A849E962EDBAA42D740"><enum>(9)</enum><header>Material that is
self-produced</header><text>The term <term>material that is
self-produced</term> means an originating material that is produced by a
producer of a good and used in the production of that good.</text>
</paragraph><paragraph id="H5A84C6266B0F4E75AE6364CB34506BBB"><enum>(10)</enum><header>Model line of
motor vehicles</header><text>The term <term>model line of motor vehicles</term>
means a group of motor vehicles having the same platform or model name.</text>
</paragraph><paragraph id="HBB98F0BC8DED41DE89C8A507347D4406"><enum>(11)</enum><header>Net
cost</header><text>The term <term>net cost</term> means total cost minus sales
promotion, marketing, and after-sales service costs, royalties, shipping and
packing costs, and nonallowable interest costs that are included in the total
cost.</text>
</paragraph><paragraph id="HBD04583D36AB4391A30024FB71A03347"><enum>(12)</enum><header>Nonallowable
interest costs</header><text>The term <term>nonallowable interest costs</term>
means interest costs incurred by a producer that exceed 700 basis points above
the applicable official interest rate for comparable maturities of the country
in which the producer is located.</text>
</paragraph><paragraph id="H72ABD9FBFD2840F5B31125FC66DCEBA1"><enum>(13)</enum><header>Nonoriginating
good or nonoriginating material</header><text>The terms <term>nonoriginating
good</term> and <term>nonoriginating material</term> mean a good or material,
as the case may be, that does not qualify as originating under this
section.</text>
</paragraph><paragraph id="H6F6B2C30CC844D8AA5FE5EB91A9E5C37"><enum>(14)</enum><header>Packing
materials and containers for shipment</header><text>The term <term>packing
materials and containers for shipment</term> means goods used to protect
another good during its transportation and does not include the packaging
materials and containers in which the other good is packaged for retail
sale.</text>
</paragraph><paragraph id="H0BAE4D1F26174BFFA3119722503BBFFA"><enum>(15)</enum><header>Preferential
tariff treatment</header><text>The term <term>preferential tariff
treatment</term> means the customs duty rate, and the treatment under article
2.10.4 of the Agreement, that is applicable to an originating good pursuant to
the Agreement.</text>
</paragraph><paragraph id="HBECFD27F6A2B4DCEA7BE71A98F355A75"><enum>(16)</enum><header>Producer</header><text>The
term <term>producer</term> means a person who engages in the production of a
good in the territory of Colombia or the United States.</text>
</paragraph><paragraph id="H9C986CBBEEE047459763CD7000EE8A50"><enum>(17)</enum><header>Production</header><text>The
term <term>production</term> means growing, mining, harvesting, fishing,
raising, trapping, hunting, manufacturing, processing, assembling, or
disassembling a good.</text>
</paragraph><paragraph id="HCA31713D31B340969BFB2C7E256144D3"><enum>(18)</enum><header>Reasonably
allocate</header><text>The term <term>reasonably allocate</term> means to
apportion in a manner that would be appropriate under generally accepted
accounting principles.</text>
</paragraph><paragraph id="HA5F90EC4A8D84AC3BF1BD650E6B994CB"><enum>(19)</enum><header>Recovered
goods</header><text>The term <term>recovered goods</term> means materials in
the form of individual parts that are the result of—</text>
<subparagraph id="HC02BA12112D0498D94A21E7C7C943BA3"><enum>(A)</enum><text>the disassembly of
used goods into individual parts; and</text>
</subparagraph><subparagraph id="H8A975D1C47234760952F2E110082B584"><enum>(B)</enum><text>the cleaning,
inspecting, testing, or other processing that is necessary for improvement to
sound working condition of such individual parts.</text>
</subparagraph></paragraph><paragraph id="HE4C6BA7E6BFE49CE9CCA930BAA20F0B0"><enum>(20)</enum><header>Remanufactured
good</header><text>The term <term>remanufactured good</term> means an
industrial good assembled in the territory of Colombia or the United States, or
both, that is classified under chapter 84, 85, 87, or 90 or heading 9402, other
than a good classified under heading 8418 or 8516, and that—</text>
<subparagraph id="H74FA41390FDC43BBAFD26E2A6F7D1892"><enum>(A)</enum><text>is entirely or
partially comprised of recovered goods; and</text>
</subparagraph><subparagraph id="H1E285B97ABE74565A649BCBA84F88118"><enum>(B)</enum><text>has a similar life
expectancy and enjoys a factory warranty similar to such a good that is
new.</text>
</subparagraph></paragraph><paragraph id="H21657B410FBA42C0ADC4CD99F272D03F"><enum>(21)</enum><header>Total
cost</header>
<subparagraph id="H9C82FAC14E4C4F58BCA81B1A5CDCD0FC"><enum>(A)</enum><header>In
general</header><text>The term <term>total cost</term>—</text>
<clause id="HE049980906A4498DA14ECDD03AF3B937"><enum>(i)</enum><text>means all product
costs, period costs, and other costs for a good incurred in the territory of
Colombia, the United States, or both; and</text>
</clause><clause id="HC29DFBC64211459A9DBBB933F9CB3C9F"><enum>(ii)</enum><text>does not include
profits that are earned by the producer, regardless of whether they are
retained by the producer or paid out to other persons as dividends, or taxes
paid on those profits, including capital gains taxes.</text>
</clause></subparagraph><subparagraph id="H8C2A3042809E4F5D8307C0B48074D407"><enum>(B)</enum><header>Other
definitions</header><text>In this paragraph:</text>
<clause id="H087CC4B978394055BE22488F8601E720"><enum>(i)</enum><header>Product
costs</header><text>The term <term>product costs</term> means costs that are
associated with the production of a good and include the value of materials,
direct labor costs, and direct overhead.</text>
</clause><clause id="H38C05E1D6D4A4D109C2CE9147C46C649"><enum>(ii)</enum><header>Period
costs</header><text>The term <term>period costs</term> means costs, other than
product costs, that are expensed in the period in which they are incurred, such
as selling expenses and general and administrative expenses.</text>
</clause><clause id="HC8A4F8A40C5747D59E76AC407149A927"><enum>(iii)</enum><header>Other
costs</header><text>The term <term>other costs</term> means all costs recorded
on the books of the producer that are not product costs or period costs, such
as interest.</text>
</clause></subparagraph></paragraph><paragraph id="H1D56280397B842B4A319A153A0A6309F"><enum>(22)</enum><header>Used</header><text>The
term <term>used</term> means utilized or consumed in the production of
goods.</text>
</paragraph></subsection><subsection id="H234D288137CA40FF970CF87448910D59"><enum>(o)</enum><header>Presidential
Proclamation Authority</header>
<paragraph id="H22011999D9474604B3E5AE5C05ED4A20"><enum>(1)</enum><header>In
general</header><text>The President is authorized to proclaim, as part of the
HTS—</text>
<subparagraph id="HBFF48B67D10042C6875E3CEDE03D32BD"><enum>(A)</enum><text>the provisions set
forth in Annex 3–A and Annex 4.1 of the Agreement; and</text>
</subparagraph><subparagraph id="HD93045DA98074F169373C1D2B8FB1946"><enum>(B)</enum><text>any additional
subordinate category that is necessary to carry out this title consistent with
the Agreement.</text>
</subparagraph></paragraph><paragraph id="H8E6165AB11C34A86A124649B7ADE2CC7"><enum>(2)</enum><header>Fabrics and
yarns not available in commercial quantities in the united
states</header><text>The President is authorized to proclaim that a fabric or
yarn is added to the list in Annex 3–B of the Agreement in an unrestricted
quantity, as provided in article 3.3.5(e) of the Agreement.</text>
</paragraph><paragraph id="H6CEFD3884EBF4BCE9946EE906059E390"><enum>(3)</enum><header>Modifications</header>
<subparagraph id="H941BD03A26CE49FC8C29B7BAE9A2F48F"><enum>(A)</enum><header>In
general</header><text>Subject to the consultation and layover provisions of
section 614, the President may proclaim modifications to the provisions
proclaimed under the authority of paragraph (1)(A), other than provisions of
chapters 50 through 63 (as included in Annex 3–A of the Agreement).</text>
</subparagraph><subparagraph id="HF2C18E52573E4B138DA482C94AB69D11"><enum>(B)</enum><header>Additional
proclamations</header><text>Notwithstanding subparagraph (A), and subject to
the consultation and layover provisions of section 614, the President may
proclaim before the end of the 1-year period beginning on the date of the
enactment of this Act, modifications to correct any typographical, clerical, or
other nonsubstantive technical error regarding the provisions of chapters 50
through 63 (as included in Annex 3–A of the Agreement).</text>
</subparagraph></paragraph><paragraph id="H8364043F05F6490DA3A301E60A7929E5"><enum>(4)</enum><header>Fabrics, yarns,
or fibers not available in commercial quantities in colombia and the united
states</header>
<subparagraph id="H039A80875C134254A16FB7370F2ABBB1"><enum>(A)</enum><header>In
general</header><text>Notwithstanding paragraph (3)(A), the list of fabrics,
yarns, and fibers set forth in Annex 3–B of the Agreement may be modified as
provided for in this paragraph.</text>
</subparagraph><subparagraph id="H2F5FE5D865B2439A9735D784B3C0EB91"><enum>(B)</enum><header>Definitions</header><text>In
this paragraph:</text>
<clause id="H7028A2C5A00C46E29A67CD1EDA1B1A78"><enum>(i)</enum><text>The
term <term>interested entity</term> means the Government of Colombia, a
potential or actual purchaser of a textile or apparel good, or a potential or
actual supplier of a textile or apparel good.</text>
</clause><clause id="H394533934F544DDC962636A17E7B2E38"><enum>(ii)</enum><text>All
references to <quote>day</quote> and <quote>days</quote> exclude Saturdays,
Sundays, and legal holidays observed by the Government of the United
States.</text>
</clause></subparagraph><subparagraph id="HD00AF3B640234E4EBBBB4A6A790132C3"><enum>(C)</enum><header>Requests to add
fabrics, yarns, or fibers</header><clause commented="no" display-inline="yes-display-inline" id="H743CAEE6700647BB8C13C52572F9D5BA"><enum>(i)</enum><text>An interested entity may
request the President to determine that a fabric, yarn, or fiber is not
available in commercial quantities in a timely manner in Colombia and the
United States and to add that fabric, yarn, or fiber to the list in Annex 3–B
of the Agreement in a restricted or unrestricted quantity.</text>
</clause><clause id="HF0E3E0D0BAB14CDC904A64E703B09BF7" indent="up1"><enum>(ii)</enum><text>After receiving a request under
clause (i), the President may determine whether—</text>
<subclause id="H9C71F569702D4A44AA176D4378E52D30"><enum>(I)</enum><text>the fabric, yarn, or fiber is available
in commercial quantities in a timely manner in Colombia or the United States;
or</text>
</subclause><subclause id="HA77710E215FC4BE6BB896D84C4F13A8F"><enum>(II)</enum><text>any interested entity objects to the
request.</text>
</subclause></clause><clause id="H647AEA7B39634A72B89BD4713E2010A0" indent="up1"><enum>(iii)</enum><text>The President may, within the
time periods specified in clause (iv), proclaim that the fabric, yarn, or fiber
that is the subject of the request is added to the list in Annex 3–B of the
Agreement in an unrestricted quantity, or in any restricted quantity that the
President may establish, if the President has determined under clause (ii)
that—</text>
<subclause id="H46C9CF7A400443F9B479499F6C4EDF26"><enum>(I)</enum><text>the fabric, yarn, or fiber is not
available in commercial quantities in a timely manner in Colombia and the
United States; or</text>
</subclause><subclause id="H10535DA1A2F34F94BACAD3110F68A22C"><enum>(II)</enum><text>no interested entity has objected to the
request.</text>
</subclause></clause><clause id="H8DDB5FFA26B34543B4693FB1B82C9B16" indent="up1"><enum>(iv)</enum><text>The time periods within which the
President may issue a proclamation under clause (iii) are—</text>
<subclause id="H81111B57B6AC4116953CFE5CFE63323C"><enum>(I)</enum><text>not later than 30 days after the date on
which a request is submitted under clause (i); or</text>
</subclause><subclause id="HF7F617CE8C674629B229BD41B70958E4"><enum>(II)</enum><text>not later than 44 days after the request
is submitted, if the President determines, within 30 days after the date on
which the request is submitted, that the President does not have sufficient
information to make a determination under clause (ii).</text>
</subclause></clause><clause id="H5C9E39B78A224E45A426D0CBF3695EB9" indent="up1"><enum>(v)</enum><text>Notwithstanding section 613(a)(2),
a proclamation made under clause (iii) shall take effect on the date on which
the text of the proclamation is published in the Federal Register.</text>
</clause><clause id="HE246440301CE453AA1318981A8F81AD4" indent="up1"><enum>(vi)</enum><text>Not later than 6 months after
proclaiming under clause (iii) that a fabric, yarn, or fiber is added to the
list in Annex 3–B of the Agreement in a restricted quantity, the President may
eliminate the restriction if the President determines that the fabric, yarn, or
fiber is not available in commercial quantities in a timely manner in Colombia
and the United States.</text>
</clause></subparagraph><subparagraph id="H284181BEF7CA4EB198FBA27393F6B7F8"><enum>(D)</enum><header>Deemed approval
of request</header><text>If, after an interested entity submits a request under
subparagraph (C)(i), the President does not, within the applicable time period
specified in subparagraph (C)(iv), make a determination under subparagraph
(C)(ii) regarding the request, the fabric, yarn, or fiber that is the subject
of the request shall be considered to be added, in an unrestricted quantity, to
the list in Annex 3–B of the Agreement beginning—</text>
<clause id="HA0B09C4414B44C8B9C989D193E378F00"><enum>(i)</enum><text>45
days after the date on which the request was submitted; or</text>
</clause><clause id="H7765DB99031C4C81B8BAB77909BFBDEB"><enum>(ii)</enum><text>60
days after the date on which the request was submitted, if the President made a
determination under subparagraph (C)(iv)(II).</text>
</clause></subparagraph><subparagraph id="HD0189350DBB14352A94C18DC960E8A18"><enum>(E)</enum><header>Requests to
restrict or remove fabrics, yarns, or fibers</header><clause commented="no" display-inline="yes-display-inline" id="HA20206926FCC4AF28781D3EDADC7227E"><enum>(i)</enum><text>Subject to clause (ii),
an interested entity may request the President to restrict the quantity of, or
remove from the list in Annex 3–B of the Agreement, any fabric, yarn, or
fiber—</text>
<subclause id="HDAF2E2BCB1D94D2889CEB28C2AE30E3C" indent="up1"><enum>(I)</enum><text>that has been added to that list in an
unrestricted quantity pursuant to paragraph (2) or subparagraph (C)(iii) or (D)
of this paragraph; or</text>
</subclause><subclause id="HF9828DC5927D41379EEC651C09A08B2A" indent="up1"><enum>(II)</enum><text>with respect to which the President has
eliminated a restriction under subparagraph (C)(vi).</text>
</subclause></clause><clause id="HE51E08244305401CB5178B63D879AD18" indent="up1"><enum>(ii)</enum><text>An interested entity may submit a
request under clause (i) at any time beginning 6 months after the date of the
action described in subclause (I) or (II) of that clause.</text>
</clause><clause id="H805C665540604C0FA1B51770DF161C53" indent="up1"><enum>(iii)</enum><text>Not later than 30 days after the
date on which a request under clause (i) is submitted, the President may
proclaim an action provided for under clause (i) if the President determines
that the fabric, yarn, or fiber that is the subject of the request is available
in commercial quantities in a timely manner in Colombia or the United
States.</text>
</clause><clause id="HAFA8A213E00A4134963B24F8A0A48EFE" indent="up1"><enum>(iv)</enum><text>A proclamation under clause (iii)
shall take effect no earlier than the date that is 6 months after the date on
which the text of the proclamation is published in the Federal Register.</text>
</clause></subparagraph><subparagraph id="HDF197CC2C0344163B0EECEA6FA0850A7"><enum>(F)</enum><header>Procedures</header><text>The
President shall establish procedures—</text>
<clause id="H94F80BB717844A098C901EED36D6F450"><enum>(i)</enum><text>governing the
submission of a request under subparagraphs (C) and (E); and</text>
</clause><clause id="HDB6499E741D549768292DDC5125F7EF5"><enum>(ii)</enum><text>providing an
opportunity for interested entities to submit comments and supporting evidence
before the President makes a determination under subparagraph (C) (ii) or (vi)
or (E)(iii).</text>
</clause></subparagraph></paragraph></subsection></section><section commented="no" id="H75C76B31C28C47ECA3CBE1FED3FA3224"><enum>624.</enum><header>Customs user
fees</header>
<subsection commented="no" id="HDB53F940901F45B692D5D2D7AA84DEA5"><enum>(a)</enum><header>In
General</header><text>Section 13031(b) of the Consolidated Omnibus Budget
Reconciliation Act of 1985 (19 U.S.C. 58c(b)) is amended by adding after
paragraph (18), the following:</text>
<quoted-block id="HB6CD00A08ABD443CAAF6785B235363FF" style="OLC">
<paragraph commented="no" id="HF54FFADF81C54BDA865CA1F872D4A6EA"><enum>(19)</enum><text>No fee may be
charged under subsection (a)(9) or (10) with respect to goods that qualify as
originating goods under section 203 of the United States-Colombia Trade
Promotion Agreement Implementation Act. Any service for which an exemption from
such fee is provided by reason of this paragraph may not be funded with money
contained in the Customs User Fee
Account.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="H9DC19791004A47D8922C7096D7148678"><enum>(b)</enum><header>Effective
Date</header><text>The amendment made by subsection (a) shall take effect on
October 1, 2013.</text>
</subsection><subsection commented="no" id="HD22F941009304CDB83B398D74FB3591D"><enum>(c)</enum><header>Refund</header><text>Any
fee described in paragraph (19) of section 13031(b) of the Consolidated Omnibus
Budget Reconciliation Act of 1985 (19 U.S.C. 58c(b)) (as added by subsection
(a)) that is paid on or after the date that the United States-Colombia Trade
Promotion Agreement enters into force and before October 1, 2013, shall be
refunded with interest if application for such refund is made on or after
October 1, 2013, and before July 1, 2014.</text>
</subsection></section><section id="HBC9EE99E8A9542D0A25E2E2D9E5F6772"><enum>625.</enum><header>Disclosure of
incorrect information; false certifications of origin; denial of preferential
tariff treatment</header>
<subsection id="H1A261357E9AA4DD5A64BB83A3706FD4C"><enum>(a)</enum><header>Disclosure of
Incorrect Information</header><text>Section 592 of the
<act-name parsable-cite="TA30">Tariff Act of 1930</act-name> (19 U.S.C. 1592)
is amended—</text>
<paragraph id="HCAFCB8450E1944B092ABD8E1BF757F15"><enum>(1)</enum><text>in subsection
(c)—</text>
<subparagraph id="HF14E6924BEAC43239515112CEF49C9C8"><enum>(A)</enum><text>by redesignating
paragraph (11) as paragraph (12); and</text>
</subparagraph><subparagraph id="HFEE9B817CF42472191F8D4EE4155851D"><enum>(B)</enum><text>by inserting after
paragraph (10) the following new paragraph:</text>
<quoted-block id="H8B6A80DCB6C24E7C8A31DE29AD8068D1" style="OLC">
<paragraph id="H3C63FEDF769B4A81AEFFC282F87E95DE"><enum>(11)</enum><header>Prior
disclosure regarding claims under the united states-colombia trade promotion
agreement</header><text>An importer shall not be subject to penalties under
subsection (a) for making an incorrect claim that a good qualifies as an
originating good under section 623 of the United States-Colombia Trade
Promotion Agreement Implementation Act if the importer, in accordance with
regulations issued by the Secretary of the Treasury, promptly and voluntarily
makes a corrected declaration and pays any duties owing with respect to that
good.</text>
</paragraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="HB2D336FBEA9E4A07AFE8A065A7A61603"><enum>(2)</enum><text>by adding at the
end the following new subsection:</text>
<quoted-block id="H30C69199C8E34C79B5BFCD2948D8B90E" style="OLC">
<subsection id="HBB88E34C4ED54F8EA2D80EFA87E6FA1A"><enum>(j)</enum><header>False
Certifications of Origin Under the United States-Colombia Trade Promotion
Agreement</header>
<paragraph id="HDC25AA0336194C5D9F266BBEED4E7C9D"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), it is unlawful for any person
to certify falsely, by fraud, gross negligence, or negligence, in a CTPA
certification of origin (as defined in section 508(i)(1)(B) of this Act) that a
good exported from the United States qualifies as an originating good under the
rules of origin provided for in section 623 of the United States-Colombia Trade
Promotion Agreement Implementation Act. The procedures and penalties of this
section that apply to a violation of subsection (a) also apply to a violation
of this subsection.</text>
</paragraph><paragraph id="H85F4E9872554413ABFB0E77ACCF44D5D"><enum>(2)</enum><header>Prompt and
voluntary disclosure of incorrect information</header><text>No penalty shall be
imposed under this subsection if, promptly after an exporter or producer that
issued a CTPA certification of origin has reason to believe that such
certification contains or is based on incorrect information, the exporter or
producer voluntarily provides written notice of such incorrect information to
every person to whom the certification was issued.</text>
</paragraph><paragraph id="H5A1A9A4739F847DBB05EBAA4E0EC7A82"><enum>(3)</enum><header>Exception</header><text>A
person shall not be considered to have violated paragraph (1) if—</text>
<subparagraph id="HE2982326D9E74A88B9F455CD93D9A676"><enum>(A)</enum><text>the information
was correct at the time it was provided in a CTPA certification of origin but
was later rendered incorrect due to a change in circumstances; and</text>
</subparagraph><subparagraph id="H29EF6858C34947FC9FE0F551AAD67DE5"><enum>(B)</enum><text>the person
promptly and voluntarily provides written notice of the change in circumstances
to all persons to whom the person provided the
certification.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H6A54D5FA58004A408083293FE7828438"><enum>(b)</enum><header>Denial of
Preferential Tariff Treatment</header><text>Section 514 of the
<act-name parsable-cite="TA30">Tariff Act of 1930</act-name> (19 U.S.C. 1514)
is amended by adding at the end the following new subsection:</text>
<quoted-block act-name="Tariff Act of 1930" id="HB42EEDBBAC2D4D97A330336BBFC12D02" style="OLC">
<subsection id="H958FF9FAF8E34DCBB1352129EB99C241"><enum>(j)</enum><header>Denial of
Preferential Tariff Treatment Under the United States-Colombia Trade Promotion
Agreement</header><text>If U.S. Customs and Border Protection or U.S.
Immigration and Customs Enforcement of the Department of Homeland Security
finds indications of a pattern of conduct by an importer, exporter, or producer
of false or unsupported representations that goods qualify under the rules of
origin provided for in section 623 of the United States-Colombia Trade
Promotion Agreement Implementation Act, U.S. Customs and Border Protection, in
accordance with regulations issued by the Secretary of the Treasury, may
suspend preferential tariff treatment under the United States-Colombia Trade
Promotion Agreement to entries of identical goods covered by subsequent
representations by that importer, exporter, or producer until U.S. Customs and
Border Protection determines that representations of that person are in
conformity with such section
623.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="H7C7D5343D576475EA5D08E6103847715"><enum>626.</enum><header>Reliquidation
of entries</header><text display-inline="no-display-inline">Subsection (d) of
section 520 of the <act-name parsable-cite="TA30">Tariff Act of 1930</act-name>
(19 U.S.C. 1520(d)) is amended in the matter preceding paragraph (1)—</text>
<paragraph id="H9BC5000260F8457380233B506727FCD3"><enum>(1)</enum><text>by striking
<quote>or</quote>; and</text>
</paragraph><paragraph id="HE8599E2EAA914CE39B3557706C332654"><enum>(2)</enum><text>by striking
<quote>for which</quote> and inserting <quote>, or section 623 of the United
States-Colombia Trade Promotion Agreement Implementation Act for
which</quote>.</text>
</paragraph></section><section id="HACFC4844E2BF4692A334A0C5752CC77F"><enum>627.</enum><header>Recordkeeping
requirements</header><text display-inline="no-display-inline">Section 508 of
the <act-name parsable-cite="TA30">Tariff Act of 1930</act-name> (19 U.S.C.
1508) is amended—</text>
<paragraph id="HEACC88B580C64DF785734C6FCDBE3B7F"><enum>(1)</enum><text>by redesignating
subsection (i) as subsection (j);</text>
</paragraph><paragraph id="H580974366D904A44BB73A82C14059336"><enum>(2)</enum><text>by inserting after
subsection (h) the following new subsection:</text>
<quoted-block id="HD2FEB26FB97345B39BB366BA5CEB8FA7" style="OLC">
<subsection id="H377CE183F77C409F8A8A9F58A38992F7"><enum>(i)</enum><header>Certifications
of Origin for Goods Exported Under the United States-Colombia Trade Promotion
Agreement</header>
<paragraph id="H9A24D7650168443ABD4BBE4EF661339A"><enum>(1)</enum><header>Definitions</header><text>In
this subsection:</text>
<subparagraph id="H64D07A6843EB45A0AB103DEFBD19C3F4"><enum>(A)</enum><header>Records and
supporting documents</header><text>The term <term>records and supporting
documents</term> means, with respect to an exported good under paragraph (2),
records and documents related to the origin of the good, including—</text>
<clause id="H094F28BE2A3B435E82BAA12F0EB62055"><enum>(i)</enum><text>the purchase,
cost, and value of, and payment for, the good;</text>
</clause><clause id="H204ED8F99320401197A2FC0A09D7FB3D"><enum>(ii)</enum><text>the purchase,
cost, and value of, and payment for, all materials, including indirect
materials, used in the production of the good; and</text>
</clause><clause id="HB25E47E8A1F24841AC0043309DC888FC"><enum>(iii)</enum><text>the production
of the good in the form in which it was exported.</text>
</clause></subparagraph><subparagraph id="HD2CD0F8E4DAC44EE8FE1620ED504C708"><enum>(B)</enum><header>CTPA
certification of origin</header><text>The term <term>CTPA certification of
origin</term> means the certification established under article 4.15 of the
United States-Colombia Trade Promotion Agreement that a good qualifies as an
originating good under such Agreement.</text>
</subparagraph></paragraph><paragraph id="HD68865BEFE9949B89D462916722576EE"><enum>(2)</enum><header>Exports to
colombia</header><text>Any person who completes and issues a CTPA certification
of origin for a good exported from the United States shall make, keep, and,
pursuant to rules and regulations promulgated by the Secretary of the Treasury,
render for examination and inspection all records and supporting documents
related to the origin of the good (including the certification or copies
thereof).</text>
</paragraph><paragraph id="H95D5BA6589984FB9A7EDDBAB4E8F115C"><enum>(3)</enum><header>Retention
period</header><text>The person who issues a CTPA certification of origin shall
keep the records and supporting documents relating to that certification of
origin for a period of at least 5 years after the date on which the
certification is issued.</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H739D643630924F96BBC2CB50E3B05016"><enum>(3)</enum><text>in subsection (j),
as so redesignated by striking <quote>(f), (g), or (h)</quote> and inserting
<quote>(f), (g), (h), or (i)</quote>.</text>
</paragraph></section><section id="H019DF709F95A4E15935D19BA138DB514"><enum>628.</enum><header>Enforcement
relating to trade in textile or apparel goods</header>
<subsection id="H5BE91888613344839D640D05F676E8A3"><enum>(a)</enum><header>Action During
Verification</header>
<paragraph id="HD6A0BA79C1D94ADFA5A9712C03830B80"><enum>(1)</enum><header>In
general</header><text>If the Secretary of the Treasury requests the Government
of Colombia to conduct a verification pursuant to article 3.2 of the Agreement
for purposes of making a determination under paragraph (2), the President may
direct the Secretary to take appropriate action described in subsection (b)
while the verification is being conducted.</text>
</paragraph><paragraph id="HA5067DFF47C84741ABF5A07B92FA3AF2"><enum>(2)</enum><header>Determination</header><text>A
determination under this paragraph is a determination of the Secretary
that—</text>
<subparagraph id="HFF7211636D47466395996E46C608C90E"><enum>(A)</enum><text>an exporter or
producer in Colombia is complying with applicable customs laws, regulations,
and procedures regarding trade in textile or apparel goods, or</text>
</subparagraph><subparagraph id="HCF25FB8B69274C35AEAE5A236AF2594B"><enum>(B)</enum><text>a claim that a
textile or apparel good exported or produced by such exporter or
producer—</text>
<clause id="H9069440C3F0F486195FBEDD180B0ED23"><enum>(i)</enum><text>qualifies as an
originating good under section 623, or</text>
</clause><clause id="H59DB0F47A0794AEF8A060B79C53B24F0"><enum>(ii)</enum><text>is
a good of Colombia,</text>
</clause><continuation-text continuation-text-level="subparagraph">is
accurate.</continuation-text></subparagraph></paragraph></subsection><subsection id="H3CF7D844E73847528BDAA1BA1ECC9790"><enum>(b)</enum><header>Appropriate
Action Described</header><text>Appropriate action under subsection (a)(1)
includes—</text>
<paragraph id="HE0CAB06440F74D05A4F08AFA3F8EE5BC"><enum>(1)</enum><text>suspension of
preferential tariff treatment under the Agreement with respect to—</text>
<subparagraph id="HF3DEACB716524637BC6AC76646711C97"><enum>(A)</enum><text>any textile or
apparel good exported or produced by the person that is the subject of a
verification under subsection (a)(1) regarding compliance described in
subsection (a)(2)(A), if the Secretary determines that there is insufficient
information to support any claim for preferential tariff treatment that has
been made with respect to any such good; or</text>
</subparagraph><subparagraph id="H70DCD478C32948DC9FAE5A5B18761FE9"><enum>(B)</enum><text>the textile or
apparel good for which a claim of preferential tariff treatment has been made
that is the subject of a verification under subsection (a)(1) regarding a claim
described in subsection (a)(2)(B), if the Secretary determines that there is
insufficient information to support that claim;</text>
</subparagraph></paragraph><paragraph id="H2A65219631BA4ED4B451BF8153D5FF48"><enum>(2)</enum><text>denial of
preferential tariff treatment under the Agreement with respect to—</text>
<subparagraph id="H81090745963F41FBBC5DD9DB135BF6BD"><enum>(A)</enum><text>any textile or
apparel good exported or produced by the person that is the subject of a
verification under subsection (a)(1) regarding compliance described in
subsection (a)(2)(A), if the Secretary determines that the person has provided
incorrect information to support any claim for preferential tariff treatment
that has been made with respect to any such good; or</text>
</subparagraph><subparagraph id="HDCB0FAACAB524F72868DF39352638F40"><enum>(B)</enum><text>the textile or
apparel good for which a claim of preferential tariff treatment has been made
that is the subject of a verification under subsection (a)(1) regarding a claim
described in subsection (a)(2)(B), if the Secretary determines that a person
has provided incorrect information to support that claim;</text>
</subparagraph></paragraph><paragraph id="H32FACD7A8BB84C50B1FB9A51B2D315EA"><enum>(3)</enum><text>detention of any
textile or apparel good exported or produced by the person that is the subject
of a verification under subsection (a)(1) regarding compliance described in
subsection (a)(2)(A) or a claim described in subsection (a)(2)(B), if the
Secretary determines that there is insufficient information to determine the
country of origin of any such good; and</text>
</paragraph><paragraph id="HD6B228D837EA422F87127466EF3ABDF6"><enum>(4)</enum><text>denial of entry
into the United States of any textile or apparel good exported or produced by
the person that is the subject of a verification under subsection (a)(1)
regarding compliance described in subsection (a)(2)(A) or a claim described in
subsection (a)(2)(B), if the Secretary determines that the person has provided
incorrect information as to the country of origin of any such good.</text>
</paragraph></subsection><subsection id="H656A36F60CD3455E8E5919C05F79FCEC"><enum>(c)</enum><header>Action on
Completion of a Verification</header><text>On completion of a verification
under subsection (a), the President may direct the Secretary to take
appropriate action described in subsection (d) until such time as the Secretary
receives information sufficient to make the determination under subsection
(a)(2) or until such earlier date as the President may direct.</text>
</subsection><subsection id="H3F78FEBC334D4587A3AC49238C66A0DA"><enum>(d)</enum><header>Appropriate
Action Described</header><text>Appropriate action under subsection (c)
includes—</text>
<paragraph id="H043E70FA1E8042689B28006ACE85EE30"><enum>(1)</enum><text>denial of
preferential tariff treatment under the Agreement with respect to—</text>
<subparagraph id="HBEAE13719B5F4894BB8A2B758CCD0C44"><enum>(A)</enum><text>any textile or
apparel good exported or produced by the person that is the subject of a
verification under subsection (a)(1) regarding compliance described in
subsection (a)(2)(A), if the Secretary determines that there is insufficient
information to support, or that the person has provided incorrect information
to support, any claim for preferential tariff treatment that has been made with
respect to any such good; or</text>
</subparagraph><subparagraph id="H73799267677C4C218836A865AF65A058"><enum>(B)</enum><text>the textile or
apparel good for which a claim of preferential tariff treatment has been made
that is the subject of a verification under subsection (a)(1) regarding a claim
described in subsection (a)(2)(B), if the Secretary determines that there is
insufficient information to support, or that a person has provided incorrect
information to support, that claim; and</text>
</subparagraph></paragraph><paragraph id="H0F9D29ACC6094E6FBA0BD5E03C8A8FA5"><enum>(2)</enum><text>denial of entry
into the United States of any textile or apparel good exported or produced by
the person that is the subject of a verification under subsection (a)(1)
regarding compliance described in subsection (a)(2)(A) or a claim described in
subsection (a)(2)(B), if the Secretary determines that there is insufficient
information to determine, or that the person has provided incorrect information
as to, the country of origin of any such good.</text>
</paragraph></subsection><subsection id="H7942627273E54C87900895D5AEED4239"><enum>(e)</enum><header>Publication of
Name of Person</header><text>In accordance with article 3.2.6 of the Agreement,
the Secretary may publish the name of any person that the Secretary has
determined—</text>
<paragraph id="H0B9B1FC37EB240E49F94EE698D632A20"><enum>(1)</enum><text>is engaged in
circumvention of applicable laws, regulations, or procedures affecting trade in
textile or apparel goods; or</text>
</paragraph><paragraph id="HAC4546C34B0E4B469BF4BF3003E3EA43"><enum>(2)</enum><text>has failed to
demonstrate that it produces, or is capable of producing, textile or apparel
goods.</text>
</paragraph></subsection><subsection id="H195C4527C09949AC8186BBDF15339178"><enum>(f)</enum><header>Verifications in
the United States</header><text>If the government of a country that is a party
to a free trade agreement with the United States makes a request for a
verification pursuant to that agreement, the Secretary may request a
verification of the production of any textile or apparel good in order to
assist that government in determining—</text>
<paragraph id="H22B07DC0807A4509B4E3ABB6659156C2"><enum>(1)</enum><text>whether a claim of
origin under the agreement for a textile or apparel good is accurate; or</text>
</paragraph><paragraph id="HE807326DD81744D8B8ECF99E92BE6261"><enum>(2)</enum><text>whether an
exporter, producer, or other enterprise located in the United States involved
in the movement of textile or apparel goods from the United States to the
territory of the requesting government is complying with applicable customs
laws, regulations, and procedures regarding trade in textile or apparel
goods.</text>
</paragraph></subsection></section><section id="HB842CB7CAA9E4FDAAD608FF9D95A776B"><enum>629.</enum><header>Regulations</header><text display-inline="no-display-inline">The Secretary of the Treasury shall
prescribe such regulations as may be necessary to carry out—</text>
<paragraph id="H290FAF8F23BD4C26A54B965DEDDDBE47"><enum>(1)</enum><text>subsections (a)
through (n) of section 623;</text>
</paragraph><paragraph id="H4A18C6349DA54FEA958AD81AE829730C"><enum>(2)</enum><text>the amendment made
by section 724; and</text>
</paragraph><paragraph id="HA14DD478128C42F494A786D6CB121711"><enum>(3)</enum><text>any proclamation
issued under section 623(o).</text>
</paragraph></section></subtitle><subtitle id="H0E43BB9BDDAC46919DD345DEDB4F8218"><enum>D</enum><header>Relief From
Imports</header>
<section id="H98E72DD82E0749E1B3D74BF000194343"><enum>631.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HC1F0AA467418425D8377F41D7AF8452E"><enum>(1)</enum><header>Colombian
article</header><text>The term <term>Colombian article</term> means an article
that qualifies as an originating good under section 623(b).</text>
</paragraph><paragraph id="HABB8B34EA03A433498C0C1E443E0E90B"><enum>(2)</enum><header>Colombian
textile or apparel article</header><text>The term <term>Colombian textile or
apparel article</term> means a textile or apparel good (as defined in section
603(4)) that is a Colombian article.</text>
</paragraph></section><chapter id="id29B1413AE93E48E2A7DABE9BBC244983"><enum>1</enum><header>Relief From
Imports Benefiting From the Agreement</header>
<section id="HFD7D2EF4A65D4FB7914A64F1126178C8"><enum>641.</enum><header>Commencing of
action for relief</header>
<subsection id="H4584927BD4844353A35D51AFB32547A5"><enum>(a)</enum><header>Filing of
Petition</header><text>A petition requesting action under this chapter for the
purpose of adjusting to the obligations of the United States under the
Agreement may be filed with the Commission by an entity, including a trade
association, firm, certified or recognized union, or group of workers, that is
representative of an industry. The Commission shall transmit a copy of any
petition filed under this subsection to the United States Trade
Representative.</text>
</subsection><subsection id="H46E180C1A0A542418840B1E6D2858BAC"><enum>(b)</enum><header>Investigation
and Determination</header><text>Upon the filing of a petition under subsection
(a), the Commission, unless subsection (d) applies, shall promptly initiate an
investigation to determine whether, as a result of the reduction or elimination
of a duty provided for under the Agreement, a Colombian article is being
imported into the United States in such increased quantities, in absolute terms
or relative to domestic production, and under such conditions that imports of
the Colombian article constitute a substantial cause of serious injury or
threat thereof to the domestic industry producing an article that is like, or
directly competitive with, the imported article.</text>
</subsection><subsection id="H41F2E37605214DE3A2EE536CDF2218B8"><enum>(c)</enum><header>Applicable
Provisions</header><text>The following provisions of section 202 of the
<act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19 U.S.C. 2252)
apply with respect to any investigation initiated under subsection (b):</text>
<paragraph id="H0975D093A710464EBE7F87B6B7935C9D"><enum>(1)</enum><text>Paragraphs (1)(B)
and (3) of subsection (b).</text>
</paragraph><paragraph id="H02D3F872237A4A919DCC0B910B12BF2E"><enum>(2)</enum><text>Subsection
(c).</text>
</paragraph><paragraph id="H22D502BA81B64C4592AA0F2E0F502CBB"><enum>(3)</enum><text>Subsection
(i).</text>
</paragraph></subsection><subsection id="H5095DCEBD8DF4E97A74BC91C50B543BB"><enum>(d)</enum><header>Articles Exempt
From Investigation</header><text>No investigation may be initiated under this
section with respect to any Colombian article if, after the date on which the
Agreement enters into force, import relief has been provided with respect to
that Colombian article under this chapter.</text>
</subsection></section><section id="HD0E913DED12A46978FA225B212C64CA1"><enum>642.</enum><header>Commission
action on petition</header>
<subsection id="H2FAF665098744BF789ED3AD5CDAD3878"><enum>(a)</enum><header>Determination</header><text>Not
later than 120 days after the date on which an investigation is initiated under
section 641(b) with respect to a petition, the Commission shall make the
determination required under that section.</text>
</subsection><subsection id="HA64ED7D0DD58434DA82E1E7AA78BFB9F"><enum>(b)</enum><header>Applicable
Provisions</header><text>For purposes of this chapter, the provisions of
paragraphs (1), (2), and (3) of section 330(d) of the
<act-name parsable-cite="TA30">Tariff Act of 1930</act-name> (19 U.S.C. 1330(d)
(1), (2), and (3)) shall be applied with respect to determinations and findings
made under this section as if such determinations and findings were made under
section 202 of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name>
(19 U.S.C. 2252).</text>
</subsection><subsection id="H7F70A8001E234E67AE4D946DDF67BC73"><enum>(c)</enum><header>Additional
Finding and Recommendation if Determination Affirmative</header>
<paragraph id="H585A9A00AB60466EBCC69A82961BD687"><enum>(1)</enum><header>In
general</header><text>If the determination made by the Commission under
subsection (a) with respect to imports of an article is affirmative, or if the
President may consider a determination of the Commission to be an affirmative
determination as provided for under paragraph (1) of section 330(d) of the
<act-name parsable-cite="TA30">Tariff Act of 1930</act-name> (19 U.S.C.
1330(d)), the Commission shall find, and recommend to the President in the
report required under subsection (d), the amount of import relief that is
necessary to remedy or prevent the injury found by the Commission in the
determination and to facilitate the efforts of the domestic industry to make a
positive adjustment to import competition.</text>
</paragraph><paragraph id="HB77972715435488DB7655128263BD950"><enum>(2)</enum><header>Limitation on
relief</header><text>The import relief recommended by the Commission under this
subsection shall be limited to the relief described in section 643(c).</text>
</paragraph><paragraph id="H4B8B6E6CD5D04EFB9635174F759FCC2C"><enum>(3)</enum><header>Voting; separate
views</header><text>Only those members of the Commission who voted in the
affirmative under subsection (a) are eligible to vote on the proposed action to
remedy or prevent the injury found by the Commission. Members of the Commission
who did not vote in the affirmative may submit, in the report required under
subsection (d), separate views regarding what action, if any, should be taken
to remedy or prevent the injury.</text>
</paragraph></subsection><subsection id="HE2A09B6E6BE547F7A9AFFE3A3FE15596"><enum>(d)</enum><header>Report to
President</header><text>Not later than the date that is 30 days after the date
on which a determination is made under subsection (a) with respect to an
investigation, the Commission shall submit to the President a report that
includes—</text>
<paragraph id="H98E33C3D6E4F4C2C8851422A00F37199"><enum>(1)</enum><text>the determination
made under subsection (a) and an explanation of the basis for the
determination;</text>
</paragraph><paragraph id="H31FB73B97CDB487A9C3D4F0F0AC53EDF"><enum>(2)</enum><text>if the
determination under subsection (a) is affirmative, any findings and
recommendations for import relief made under subsection (c) and an explanation
of the basis for each recommendation; and</text>
</paragraph><paragraph id="H1CCD4D7A62D1487996B356201C48E9B6"><enum>(3)</enum><text>any dissenting or
separate views by members of the Commission regarding the determination
referred to in paragraph (1) and any finding or recommendation referred to in
paragraph (2).</text>
</paragraph></subsection><subsection id="H796959D4E5A94A69B75BCD3718D72EA3"><enum>(e)</enum><header>Public
Notice</header><text>Upon submitting a report to the President under subsection
(d), the Commission shall promptly make public the report (with the exception
of information which the Commission determines to be confidential) and shall
publish a summary of the report in the Federal Register.</text>
</subsection></section><section id="H7653AAB6CA844F7881EF15F20BB9E638"><enum>643.</enum><header>Provision of
relief</header>
<subsection id="H11E338F2171643E98C59C3A71460D485"><enum>(a)</enum><header>In
General</header><text>Not later than the date that is 30 days after the date on
which the President receives the report of the Commission in which the
Commission’s determination under section 642(a) is affirmative, or which
contains a determination under section 642(a) that the President considers to
be affirmative under paragraph (1) of section 330(d) of the
<act-name parsable-cite="TA30">Tariff Act of 1930</act-name> (19 U.S.C.
1330(d)(1)), the President, subject to subsection (b), shall provide relief
from imports of the article that is the subject of such determination to the
extent that the President determines necessary to remedy or prevent the injury
found by the Commission and to facilitate the efforts of the domestic industry
to make a positive adjustment to import competition.</text>
</subsection><subsection id="H4B55516FECAB4539B55FF680B948EFBF"><enum>(b)</enum><header>Exception</header><text>The
President is not required to provide import relief under this section if the
President determines that the provision of the import relief will not provide
greater economic and social benefits than costs.</text>
</subsection><subsection id="H50A3DCF78E3740778A1B4A9EC321A72B"><enum>(c)</enum><header>Nature of
Relief</header>
<paragraph id="H0D7A54C66DA44F249444EBA707512D82"><enum>(1)</enum><header>In
general</header><text>The import relief that the President is authorized to
provide under this section with respect to imports of an article is as
follows:</text>
<subparagraph id="HB60B288ABEFF4F24BBAA63715E70145B"><enum>(A)</enum><text>The suspension of
any further reduction provided for under Annex 2.3 of the Agreement in the duty
imposed on the article.</text>
</subparagraph><subparagraph id="H6B8EE058F1B3488DA7D9006D72C824F6"><enum>(B)</enum><text>An increase in the
rate of duty imposed on the article to a level that does not exceed the lesser
of—</text>
<clause id="HF748672FA6534937BE9EFB3C44CD7C49"><enum>(i)</enum><text>the
column 1 general rate of duty imposed under the HTS on like articles at the
time the import relief is provided; or</text>
</clause><clause id="H8EE8D46C64FE4AB788E94F00CC81A82B"><enum>(ii)</enum><text>the
column 1 general rate of duty imposed under the HTS on like articles on the day
before the date on which the Agreement enters into force.</text>
</clause></subparagraph></paragraph><paragraph id="HD22B3D7659144954BA908078DC057FD9"><enum>(2)</enum><header>Progressive
liberalization</header><text>If the period for which import relief is provided
under this section is greater than 1 year, the President shall provide for the
progressive liberalization (described in article 8.2.2 of the Agreement) of
such relief at regular intervals during the period of its application.</text>
</paragraph></subsection><subsection id="H938F15681C424F699F1D3AC4D4AA2DD1"><enum>(d)</enum><header>Period of
Relief</header>
<paragraph id="H186ECD268AE04534BF5B3BAD342F61E5"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), any import relief that the
President provides under this section may not be in effect for more than 2
years.</text>
</paragraph><paragraph id="H580766B2E3F2486B9B6DC1F92431420C"><enum>(2)</enum><header>Extension</header>
<subparagraph id="HD36EC8226571473D9B8A42C7882892C8"><enum>(A)</enum><header>In
general</header><text>Subject to subparagraph (C), the President, after
receiving a determination from the Commission under subparagraph (B) that is
affirmative, or which the President considers to be affirmative under paragraph
(1) of section 330(d) of the <act-name parsable-cite="TA30">Tariff Act of
1930</act-name> (19 U.S.C. 1330(d)(1)), may extend the effective period of any
import relief provided under this section by up to 2 years, if the President
determines that—</text>
<clause id="H570801D6C5CC44EFA785516175BF8CAD"><enum>(i)</enum><text>the
import relief continues to be necessary to remedy or prevent serious injury and
to facilitate adjustment by the domestic industry to import competition;
and</text>
</clause><clause id="HA732FF83B6124653BA999522484D2E48"><enum>(ii)</enum><text>there is evidence
that the industry is making a positive adjustment to import competition.</text>
</clause></subparagraph><subparagraph id="H2784059DC7514A1B8DBAC2CF66FC6AF0"><enum>(B)</enum><header>Action by
commission</header>
<clause id="HD3B92DA9C6DF4F70A1E162564F917E7E"><enum>(i)</enum><header>Investigation</header><text>Upon
a petition on behalf of the industry concerned that is filed with the
Commission not earlier than the date that is 9 months, and not later than the
date that is 6 months, before the date on which any action taken under
subsection (a) is to terminate, the Commission shall conduct an investigation
to determine whether action under this section continues to be necessary to
remedy or prevent serious injury and whether there is evidence that the
industry is making a positive adjustment to import competition.</text>
</clause><clause id="H29797341504C411F833C642CD9E7342D"><enum>(ii)</enum><header>Notice and
hearing</header><text>The Commission shall publish notice of the commencement
of any proceeding under this subparagraph in the Federal Register and shall,
within a reasonable time thereafter, hold a public hearing at which the
Commission shall afford interested parties and consumers an opportunity to be
present, to present evidence, and to respond to the presentations of other
parties and consumers, and otherwise to be heard.</text>
</clause><clause id="HFE7654D1891C4F008A468F4FECFC12A7"><enum>(iii)</enum><header>Report</header><text>The
Commission shall submit to the President a report on its investigation and
determination under this subparagraph not later than 60 days before the action
under subsection (a) is to terminate, unless the President specifies a
different date.</text>
</clause></subparagraph><subparagraph id="H367F2B1B03E34838A7FB971AE5973CE5"><enum>(C)</enum><header>Period of import
relief</header><text>Any import relief provided under this section, including
any extensions thereof, may not, in the aggregate, be in effect for more than 4
years.</text>
</subparagraph></paragraph></subsection><subsection id="H666C4B29C80542A0815C72943391084B"><enum>(e)</enum><header>Rate After
Termination of Import Relief</header><text>When import relief under this
section is terminated with respect to an article—</text>
<paragraph id="H5DF73719087842DEA701E1321ECFBB89"><enum>(1)</enum><text>the rate of duty
on that article after such termination and on or before December 31 of the year
in which such termination occurs shall be the rate that, according to the
Schedule of the United States to Annex 2.3 of the Agreement, would have been in
effect 1 year after the provision of relief under subsection (a); and</text>
</paragraph><paragraph id="H5A9230EC93FA452490F7D8AA93901297"><enum>(2)</enum><text>the rate of duty
for that article after December 31 of the year in which such termination occurs
shall be, at the discretion of the President, either—</text>
<subparagraph id="H33FF7F0F2F7D484F81DDA971ECB1C861"><enum>(A)</enum><text>the applicable
rate of duty for that article set forth in the Schedule of the United States to
Annex 2.3 of the Agreement; or</text>
</subparagraph><subparagraph id="HBCB99B84BCBC41A1949531B696140A98"><enum>(B)</enum><text>the rate of duty
resulting from the elimination of the tariff in equal annual stages ending on
the date set forth in the Schedule of the United States to Annex 2.3 of the
Agreement for the elimination of the tariff.</text>
</subparagraph></paragraph></subsection><subsection id="H7F9BE722C1744711959B8B985AA7CA8D"><enum>(f)</enum><header>Articles Exempt
From Relief</header><text>No import relief may be provided under this section
on—</text>
<paragraph id="H71EAC5915F494001B4E2BB803068305B"><enum>(1)</enum><text>any article that
is subject to import relief under—</text>
<subparagraph id="HC574316FC3D34F4E8475EEB3F89C2BE7"><enum>(A)</enum><text>subtitle B;
or</text>
</subparagraph><subparagraph id="H53F6F379040046C9A27594FBEBC7E0CE"><enum>(B)</enum><text>chapter 1 of title
II of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19
U.S.C. 2251 et seq.); or</text>
</subparagraph></paragraph><paragraph id="HD4DF48168C1D40869A7AE917995770E2"><enum>(2)</enum><text>any article on
which an additional duty assessed under section 722(b) is in effect.</text>
</paragraph></subsection></section><section id="H51EBBA96E5384587A3EC6B8704537197"><enum>644.</enum><header>Termination of
relief authority</header>
<subsection id="H78F89B8E3B1740F3A1CFD6971B012847"><enum>(a)</enum><header>General
Rule</header><text>Subject to subsection (b), no import relief may be provided
under this chapter after the date that is 10 years after the date on which the
Agreement enters into force.</text>
</subsection><subsection id="H7F69264A6BD74F5E923898BC9A4FA6FD"><enum>(b)</enum><header>Exception</header><text>If
an article for which relief is provided under this chapter is an article for
which the period for tariff elimination, set forth in the Schedule of the
United States to Annex 2.3 of the Agreement, is greater than 10 years, no
relief under this subtitle may be provided for that article after the date on
which that period ends.</text>
</subsection></section><section id="HCF996B6C7982468B945E937C67AC71FF"><enum>645.</enum><header>Compensation
authority</header><text display-inline="no-display-inline">For purposes of
section 123 of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name>
(19 U.S.C. 2133), any import relief provided by the President under section 643
shall be treated as action taken under chapter 1 of title II of such Act (19
U.S.C. 2251 et seq.).</text>
</section><section id="HBB13B3539A7E492B9ECC892B9E091218"><enum>646.</enum><header>Confidential
business information</header><text display-inline="no-display-inline">Section
202(a)(8) of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name>
(19 U.S.C. 2252(a)(8)) is amended in the first sentence—</text>
<paragraph id="HA0926878DD474546BCFB04D0343FE4D9"><enum>(1)</enum><text>by striking
<quote>and</quote>; and</text>
</paragraph><paragraph id="H733D666D783F489C974CC1AABE2FA293"><enum>(2)</enum><text>by inserting
before the period at the end <quote>, and title III of the United
States-Colombia Trade Promotion Agreement Implementation Act</quote>.</text>
</paragraph></section></chapter><chapter id="H2F1B68768F454E45AFA3E7E410E9EAF4"><enum>2</enum><header>Textile and
Apparel Safeguard Measures</header>
<section id="HFBC6EEF18BEB436B9CC0EF75E9F32BF2"><enum>651.</enum><header>Commencement of
action for relief</header>
<subsection id="HA34919D65DD74EF0833CFBCB031BBE31"><enum>(a)</enum><header>In
General</header><text>A request for action under this chapter for the purpose
of adjusting to the obligations of the United States under the Agreement may be
filed with the President by an interested party. Upon the filing of a request,
the President shall review the request to determine, from information presented
in the request, whether to commence consideration of the request.</text>
</subsection><subsection id="H74B1D687E6A14A0C882AB0C5F12FCA41"><enum>(b)</enum><header>Publication of
Request</header><text>If the President determines that the request under
subsection (a) provides the information necessary for the request to be
considered, the President shall publish in the Federal Register a notice of
commencement of consideration of the request, and notice seeking public
comments regarding the request. The notice shall include a summary of the
request and the dates by which comments and rebuttals must be received.</text>
</subsection></section><section id="H2018FF678C424705BD09C735D6854465"><enum>652.</enum><header>Determination
and provision of relief</header>
<subsection id="HDA20AFBB9862480996C3B948BE71EC92"><enum>(a)</enum><header>Determination</header>
<paragraph id="HF9F02D9C992445B69A484E5F62B40B46"><enum>(1)</enum><header>In
general</header><text>If a positive determination is made under section 651(b),
the President shall determine whether, as a result of the elimination of a duty
under the Agreement, a Colombian textile or apparel article is being imported
into the United States in such increased quantities, in absolute terms or
relative to the domestic market for that article, and under such conditions as
to cause serious damage, or actual threat thereof, to a domestic industry
producing an article that is like, or directly competitive with, the imported
article.</text>
</paragraph><paragraph id="H52BC1A1B60564B9187B86E2B01A0BBAE"><enum>(2)</enum><header>Serious
damage</header><text>In making a determination under paragraph (1), the
President—</text>
<subparagraph id="HAD94A460C0EF4766A759D5F34EBB47FE"><enum>(A)</enum><text>shall examine the
effect of increased imports on the domestic industry, as reflected in changes
in such relevant economic factors as output, productivity, utilization of
capacity, inventories, market share, exports, wages, employment, domestic
prices, profits and losses, and investment, no one of which is necessarily
decisive; and</text>
</subparagraph><subparagraph id="H07CED243A334417A854BAFADD1B3CF81"><enum>(B)</enum><text>shall not consider
changes in consumer preference or changes in technology in the United States as
factors supporting a determination of serious damage or actual threat
thereof.</text>
</subparagraph></paragraph></subsection><subsection id="H6E1CD6FC2B7949B48F3AFBF817070BCC"><enum>(b)</enum><header>Provision of
Relief</header>
<paragraph id="H6386A78B216D4287B49176A9561F9BF6"><enum>(1)</enum><header>In
general</header><text>If a determination under subsection (a) is affirmative,
the President may provide relief from imports of the article that is the
subject of such determination, as provided in paragraph (2), to the extent that
the President determines necessary to remedy or prevent the serious damage and
to facilitate adjustment by the domestic industry.</text>
</paragraph><paragraph id="H1106572CB1A94378B8FF70E642381932"><enum>(2)</enum><header>Nature of
relief</header><text>The relief that the President is authorized to provide
under this subsection with respect to imports of an article is an increase in
the rate of duty imposed on the article to a level that does not exceed the
lesser of—</text>
<subparagraph id="H6794CDCF15914ADFAFF93C2D6B6F732D"><enum>(A)</enum><text>the column 1
general rate of duty imposed under the HTS on like articles at the time the
import relief is provided; or</text>
</subparagraph><subparagraph id="H89CBB9CA4BBB4D45AA92C909852860D5"><enum>(B)</enum><text>the column 1
general rate of duty imposed under the HTS on like articles on the day before
the date on which the Agreement enters into force.</text>
</subparagraph></paragraph></subsection></section><section id="HE06D4C1511704FF3B86F307A2C649F98"><enum>653.</enum><header>Period of
relief</header>
<subsection id="H1D75B80F006F4F318A6D8E2BE0B501CA"><enum>(a)</enum><header>In
General</header><text>Subject to subsection (b), the import relief that the
President provides under section 652(b) may not be in effect for more than 2
years.</text>
</subsection><subsection id="H02153A7F037D4744845562F6F315615A"><enum>(b)</enum><header>Extension</header>
<paragraph id="H7B73133DC6F54EBB9F8BB952AD31457F"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), the President may extend the
effective period of any import relief provided under this chapter for a period
of not more than 1 year, if the President determines that—</text>
<subparagraph id="H7C951F77A0CB4AB38DA52507666D68C8"><enum>(A)</enum><text>the import relief
continues to be necessary to remedy or prevent serious damage and to facilitate
adjustment by the domestic industry to import competition; and</text>
</subparagraph><subparagraph id="H3D06530064AA446F9E1D970307962B14"><enum>(B)</enum><text>there is evidence
that the industry is making a positive adjustment to import competition.</text>
</subparagraph></paragraph><paragraph id="HA6274A4D175F4737ABC76D7C93B88015"><enum>(2)</enum><header>Limitation</header><text>Any
relief provided under this chapter, including any extensions thereof, may not,
in the aggregate, be in effect for more than 3 years.</text>
</paragraph></subsection></section><section id="H61DDFE7802094144A4F3AF3CAF25468F"><enum>654.</enum><header>Articles exempt
from relief</header><text display-inline="no-display-inline">The President may
not provide import relief under this chapter with respect to an article
if—</text>
<paragraph id="H6D426D2BFB5F4DA0BA625FF41ADC41AF"><enum>(1)</enum><text>import relief
previously has been provided under this chapter with respect to that article;
or</text>
</paragraph><paragraph id="HC43243BB72F04F4393A792C40BF309F2"><enum>(2)</enum><text>the article is
subject to import relief under—</text>
<subparagraph id="HE24BEB932E434D17B4D820C0B0016367"><enum>(A)</enum><text>chapter 1;
or</text>
</subparagraph><subparagraph id="H56CCD0A622F545DA8C290EC63ED069C1"><enum>(B)</enum><text>chapter 1 of title
II of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19
U.S.C. 2251 et seq.).</text>
</subparagraph></paragraph></section><section id="HECB70D0BD7494CFFB2BCA57C6122095F"><enum>655.</enum><header>Rate after
termination of import relief</header><text display-inline="no-display-inline">On the date on which import relief under
this chapter is terminated with respect to an article, the rate of duty on that
article shall be the rate that would have been in effect, but for the provision
of such relief.</text>
</section><section id="H5CC092A5E09E41208EB3A589B2C89A32"><enum>656.</enum><header>Termination of
relief authority</header><text display-inline="no-display-inline">No import
relief may be provided under this chapter with respect to any article after the
date that is 5 years after the date on which the Agreement enters into
force.</text>
</section><section id="HB9E28326A2BD472EA9D6509A573687FA"><enum>657.</enum><header>Compensation
authority</header><text display-inline="no-display-inline">For purposes of
section 123 of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name>
(19 U.S.C. 2133), any import relief provided by the President under this
chapter shall be treated as action taken under chapter 1 of title II of such
Act (19 U.S.C. 2251 et seq.).</text>
</section><section id="HE1A8036B508848D7AA904ADE52C1FCDB"><enum>658.</enum><header>Confidential
business information</header><text display-inline="no-display-inline">The
President may not release information received in connection with an
investigation or determination under this chapter which the President considers
to be confidential business information unless the party submitting the
confidential business information had notice, at the time of submission, that
such information would be released by the President, or such party subsequently
consents to the release of the information. To the extent a party submits
confidential business information, the party shall also provide a
nonconfidential version of the information in which the confidential business
information is summarized or, if necessary, deleted.</text>
</section></chapter><chapter id="H96DEE78678B544A2BD23E84A474B8650"><enum>3</enum><header>Cases Under Title
<enum-in-header>II</enum-in-header> of the <act-name parsable-cite="TA74">Trade
Act of 1974</act-name></header>
<section id="HD4DA73A7970D4027924327CF54438D03"><enum>661.</enum><header>Findings and
action on goods of Colombia</header>
<subsection id="HDC786041400E4E4A92CD08E9817C660C"><enum>(a)</enum><header>Effect of
Imports</header><text>If, in any investigation initiated under chapter 1 of
title II of the <act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19
U.S.C. 2251 et seq.), the Commission makes an affirmative determination (or a
determination which the President may treat as an affirmative determination
under such chapter by reason of section 330(d) of the
<act-name parsable-cite="TA30">Tariff Act of 1930</act-name>), the Commission
shall also find (and report to the President at the time such injury
determination is submitted to the President) whether imports of the article of
Colombia that qualify as originating goods under section 623(b) are a
substantial cause of serious injury or threat thereof.</text>
</subsection><subsection id="H8F4B4323B77F4C588A39E69A9C585A85"><enum>(b)</enum><header>Presidential
Determination Regarding Imports of Colombia</header><text>In determining the
nature and extent of action to be taken under chapter 1 of title II of the
<act-name parsable-cite="TA74">Trade Act of 1974</act-name> (19 U.S.C. 2251 et
seq.), the President may exclude from the action goods of Colombia with respect
to which the Commission has made a negative finding under subsection
(a).</text>
</subsection></section></chapter></subtitle><subtitle id="H6A9527FEC48E41369365F5EF7C2F69FB"><enum>E</enum><header>Procurement</header>
<section id="H31F4550A2ECA4A4A96E17D8E02A7EF76"><enum>671.</enum><header>Eligible
products</header><text display-inline="no-display-inline">Section 308(4)(A) of
the <act-name parsable-cite="TAA79">Trade Agreements Act of 1979</act-name> (19
U.S.C. 2518(4)(A)) is amended—</text>
<paragraph id="HF35F0B56B02C4A8C832A2213764809B5"><enum>(1)</enum><text>by striking
<quote>or</quote> at the end of clause (vi);</text>
</paragraph><paragraph id="HD68E7201DAF6400791598525C2425208"><enum>(2)</enum><text>by striking the
period at the end of clause (vii) and inserting <quote>; or</quote>; and</text>
</paragraph><paragraph id="H86F85E0CF0554D06993FB45F8752984F"><enum>(3)</enum><text>by adding at the
end the following new clause:</text>
<quoted-block id="H467F93260399443AAC1F1617FC625CCB" style="OLC">
<clause id="H1052D367D9274E5EBF95B7DEF28BE782"><enum>(viii)</enum><text>a party to the
United States-Colombia Trade Promotion Agreement, a product or service of that
country or instrumentality which is covered under that agreement for
procurement by the United
States.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section></subtitle><subtitle id="HDBEDFD047E5045058689E9230D07DA83"><enum>F</enum><header>Offsets</header>
<section id="HF0E51B0E5C1F48F5B8D009BB76844543"><enum>681.</enum><header>Customs user
fees</header>
<subsection id="H7ECB6F0B16954D5DAD1FDB4974861A7A"><enum>(a)</enum><header>In
General</header><text>Section 13031(j)(3)(A) of the Consolidated Omnibus Budget
Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)(A)) shall be applied by
extending by 155 days the date in effect on the date of the enactment of this
Act after which fees may not be charged under paragraphs (9) and (10) of
subsection (a) of such section 13031.</text>
</subsection><subsection id="H34681D00963347688E81C7C7F586AB80"><enum>(b)</enum><header>Other
Fees</header><text>Section 13031(j)(3)(B)(i) of the Consolidated Omnibus Budget
Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)(B)(i)) shall be applied by
extending by 155 days the date in effect on the date of the enactment of this
Act after which fees may not be charged under paragraphs (1) through (8) of
subsection (a) of such section 13031.</text>
</subsection></section><section id="HAED517F986AF474DB92FA1CE5B60E9A4"><enum>682.</enum><header>Time for
payment of corporate estimated taxes</header>
<subsection id="H9FF8FDC83D664C468962383C22D2905D"><enum>(a)</enum><header>Corporate
Estimated Tax Due in 2012</header><text>The percentage under subparagraph (B)
of section 401(1) of the Tax Increase Prevention and Reconciliation Act of 2005
(Public Law 109–222; 26 U.S.C. 6655 note) in effect on the date of the
enactment of this Act is increased by 1 percentage point.</text>
</subsection><subsection id="HE18DBA7C47FE4E3CA394410F139C2E6F"><enum>(b)</enum><header>Corporate
Estimated Tax Due in 2013</header><text>The percentage under subparagraph (C)
of section 401(1) of the Tax Increase Prevention and Reconciliation Act of 2005
(Public Law 109–222; 26 U.S.C. 6655 note) in effect on the date of the
enactment of this Act is increased by 2 percentage points.</text>
</subsection></section></subtitle><enum>VII</enum><header>United
States-Panama Free Trade Agreement and United States-Korea Free Trade
Agreement</header>
<section commented="no" id="HB336EDF81E7B47409A34B89EDF69326D"><enum>701.</enum><header>Sense of
Congress</header><text display-inline="no-display-inline">It is the sense of
Congress that the President should submit to Congress the United States-Panama
Free Trade Agreement and United States-Korea Free Trade Agreement and work to
ensure the approval and entry into force of such Agreements with respect to the
United States.</text>
</section><enum>VIII</enum><header>Repeal of
Patient Protection and Affordable Care Act</header>
<section id="H24EDC9BDB8144EAF930F6AE365DBC5A3"><enum>801.</enum><header>Repeal</header><text display-inline="no-display-inline">Effective as of the enactment of the Patient
Protection and Affordable Care Act, such Act is repealed, and the provisions of
law amended or repealed by such Act are restored or revived as if such Act had
not been enacted.</text>
</section>