II 112th CONGRESS 2d Session S. 3027 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.

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The amendments made by subsection (a) apply with respect to goods entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment of this Act.