[Congressional Record (Bound Edition), Volume 151 (2005), Part 19]
[Senate]
[Page 26258]
[From the U.S. Government Publishing Office, www.gpo.gov]




                NEW SHIPPER REVIEW AMENDMENT ACT OF 2005

  Mr. McCONNELL. I ask unanimous consent that the Finance Committee be 
discharged from further consideration of S. 695, and the Senate proceed 
to its immediate consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (S. 695) to suspend temporarily new shipper bonding 
     privileges.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. McCONNELL. 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 statements related to the measure be printed in the 
Record.
  The bill (S. 695) was read a third time, and passed, as follows:

                                 S. 695

       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 2005''.

     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 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.

  Mr. McCONNELL. Mr. President, I further ask unanimous consent that 
the bill be held at the desk.
  The PRESIDING OFFICER. Without objection, it is so ordered.

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