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Domestic Reinvestment Act of 2023

Source: Congress.gov  ·  639 words in original text
This bill stops the Secretary of Homeland Security and other government officials from asking people to pay back or return certain import duties (taxes on goods brought into the country). The bill also prevents the government from using future duty payments to recover money from past payments made between January 1, 2001 and the bill's enactment.
The Secretary of Homeland Security, the Commissioner of U.S. Customs and Border Protection, importers of goods, and recipients of antidumping duties or countervailing duties paid under section 754 of the Tariff Act of 1930.
• The Secretary of Homeland Security and any other person cannot require repayment or recoupment of antidumping duties or countervailing duties that were distributed on or after January 1, 2001. (Sec. 2(a)(1)) • The government cannot offset past, current, or future distributions of antidumping or countervailing duties to recoup payments made under section 754 of the Tariff Act of 1930. (Sec. 2(a)(2)) • Within 90 days after the bill becomes law, the Secretary of Homeland Security must refund any repayments collected after January 1, 2017 and fully distribute any duties being withheld as an offset. (Sec. 2(c)) • The government can still keep or recoup payments if someone made false statements, committed misconduct, or failed to properly verify their certification. (Sec. 2(d)(1)) • The government can still keep or recoup payments if an importer or surety receives a refund through a settlement, court order, or re-liquidation of a customs entry. (Sec. 2(d)(2))
If this becomes law, the government must stop collecting repayments of these import duties from importers and must return any money collected since January 1, 2017.
None defined in the bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.