[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4721 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4721

To extend and modify the temporary reduction of duty on monocarboxylic 
                   fatty acids derived from palm oil.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2012

   Mr. Holt introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To extend and modify the temporary reduction of duty on monocarboxylic 
                   fatty acids derived from palm oil.

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

SECTION 1. MONOCARBOXYLIC FATTY ACIDS DERIVED FROM PALM OIL.

    (a) In General.--Heading 9902.11.32 of the Harmonized Tariff 
Schedule of the United States (relating to monocarboxylic fatty acids 
derived from palm oil) is amended--
            (1) by striking ``1.2%'' and inserting ``1.4%''; and
            (2) by striking the date in the effective period column and 
        inserting ``12/31/2015''.
    (b) Effective Date.--The amendments made by subsection (a) apply 
with respect to goods entered, or withdrawn from warehouse for 
consumption, on or after the 15th day after the date of enactment of 
this Act.
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