[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 3027 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 3027

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


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                   IN THE SENATE OF THE UNITED STATES

                              May 8, 2012

Mr. Lautenberg introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 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%'' in the column 1 general rate of 
        duty column 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with respect to goods entered, or withdrawn from warehouse for 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 the enactment 
of this Act.
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