[Congressional Record (Bound Edition), Volume 150 (2004), Part 17]
[Senate]
[Page 23723]
[From the U.S. Government Publishing Office, www.gpo.gov]




                NEW SHIPPER REVIEW AMENDMENT ACT OF 2004

  Mr. FRIST. Mr. President, I ask unanimous consent that the Senate 
proceed to immediate consideration of S. 2991, which was introduced 
earlier today by Senators Cochran and Byrd.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (S. 2991) to suspend temporarily new shipper bonding 
     privileges.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. FRIST. Mr. President, I ask unanimous consent that the bill be 
read a third time and passed, the motion to reconsider be laid upon the 
table, and that any statements relating to the bill be printed in the 
Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 2991) was read the third time and passed, as follows:

                                S. 2991

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

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``New Shipper Review Amendment 
     Act of 2004''.

     SEC. 2. TEMPORARY SUSPENSION OF NEW SHIPPER BONDING 
                   PRIVILEGES.

       Clause (iii) of section 751(a)(2)(B) of the Tariff Act of 
     1930 (19 U.S.C. 1675(a)(2)(B)(iii)) shall not be effective 
     during the 3-year period beginning on the date of the 
     enactment of this Act.

     SEC. 3. REPORT TO CONGRESS.

       Not later than 2 years after the date of the enactment of 
     this Act, the Secretary of Commerce, in consultation with the 
     Secretary of the Treasury, the United States Trade 
     Representative, and the Commissioner of the Bureau of Customs 
     and Border Protection, shall submit to the Committee on 
     Finance of the Senate and the Committee on Ways and Means of 
     the House of Representatives a report containing--
       (1) recommendations on whether the suspension of the 
     effectiveness of section 751(a)(2)(B)(iii) of the Tariff Act 
     of 1930 should be extended beyond the date provided in 
     section 2 of this Act; and
       (2) assessments of the effectiveness of any administrative 
     measures that have been implemented to address the 
     difficulties giving rise to section 2 of this Act, 
     including--
       (A) problems in assuring the collection of antidumping 
     duties on imports from new shippers;
       (B) administrative burdens imposed on the Department of 
     Commerce by new shipper reviews; and
       (C) the use of the bonding privilege by importers from new 
     shippers to circumvent the effect of antidumping duty orders.

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