Disapproving the rule submitted by the Department of Commerce relating to "Procedures Covering Suspension of Liquidation, Duties and Estimated Duties in Accord With Presidential Proclamation 10414".
Source: Congress.gov ·
183 words in original text
What This Bill Does
This joint resolution (a formal statement agreed to by both the Senate and House) disapproves a rule created by the Department of Commerce. The rule dealt with procedures for suspending the collection of duties (taxes on imported goods) that were connected to Presidential Proclamation 10414. If this resolution passes, the Commerce Department's rule will have no force or effect, meaning it will no longer be in use.
Who It Affects
The Department of Commerce is directly affected, as their rule will be canceled. Businesses and individuals involved in importing goods subject to the duties mentioned in Presidential Proclamation 10414 may also be affected by this action.
Key Provisions
Congress disapproves the Department of Commerce rule relating to suspension of liquidation (the process of collecting and settling duties), duties and estimated duties in accord with Presidential Proclamation 10414 and such rule shall have no force or effect.
What Changes
If this resolution becomes law, the Department of Commerce rule about suspending duties collection will no longer be valid or enforceable.
Important Definitions
None explicitly defined in the bill text.
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