S. 3568 (112th): Citrus, Wool, and Cotton Trust Fund Act of 2012

Introduced:
Sep 19, 2012 (112th Congress, 2011–2013)
Sponsor:
Sen. Max Baucus [D-MT]
Status:
Died (Reported by Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/19/2012--Reported to Senate without amendment. (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Citrus, Wool, and Cotton Trust Fund Act of 2012 -
Title I - Citrus Disease Research and Development Trust Fund
Citrus Disease Research and Development Trust Fund Act of 2012 -
Section 103 -
Amends the Trade Act of 1974 to establish the Citrus Disease Research and Development Trust Fund, consisting of revenues from duties paid on imported citrus or citrus products, to support scientific research, technical assistance, and development activities to combat both domestic and invasive citrus diseases and pests harming the United States. Makes Fund amounts available to the Secretary of Agriculture to develop a coordinated program of research and product development relating to:
(1) scientific research of both domestic and invasive diseases and pests afflicting the citrus industry; and
(2) support for the dissemination and commercialization of relevant information, techniques, and technologies discovered through Fund research or other research projects intended to solve problems caused by citrus production diseases and invasive pests.
Requires the President to notify certain congressional committees before entering into a trade agreement that could result in a decrease in the amount of:
(1) duties paid on imported citrus or citrus products, and
(2) funds transferred into the Fund.
Section 104 -
Establishes the Citrus Disease Research and Development Trust Fund Advisory Board.
Title II - Cotton and Wool Trust Funds
Section 201 -
Amends the Harmonized Tariff Schedule of the United States to: (1) modify the article description of certain cotton shirting fabrics, and (2) extend the temporary duty suspensions on such fabrics.
Section 202 -
Amends the Tax Relief and Health Care Act of 2006 to extend through December 31, 2015, the requirement that the Secretary of the Treasury transfer from the Treasury to the Pima Cotton Trust Fund amounts equal to the duties received in the Treasury from certain imported woven fabrics of cotton since January 1, 2004 (currently, January 1, 1994).
Repeals the limitation that pima cotton be grown in the United States from the formula for determination of annual payments to a nationally recognized association established for the promotion of pima cotton as well as to the yarn spinners of pima cotton.
Limits the latter payments to yarn spinners of pima cotton that produce ring spun cotton yarns in the United States. Requires annual affidavits from shirting manufacturers and from yarn spinners.
Amends the Miscellaneous Trade and Technical Corrections Act of 2004 with respect to insufficiencies in the Wool Apparel Manufacturers Trust Fund for U.S. Bureau of Customs and Border Protection payments to manufacturers of certain wool products or for grants by the Secretary of Commerce to manufacturers of worsted wool fabrics.
Requires the Secretary of the Treasury, in such instances, to transfer to the Trust Fund amounts equivalent to duties received on "Articles of Apparel and Clothing Accessories, Not Knitted or Crocheted" in order to make such payments and award such grants.
Requires such transfers to cover such payments and grants for 2010-2012.
Title III - Miscellaneous
Section 301 -
Directs the U.S. Trade Representative (USTR) to continue to make it a priority to address Canada's market-distorting subsidies and practices in the lumber market.
Section 302 -
Increases by 0.25% the required estimated income tax payments otherwise due in the third quarter of 2017 for corporations with assets of at least $1 billion. Requires the next required installment to be appropriately reduced to reflect the amount of this increase.
Section 303 -
Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs user fees for the processing of merchandise entered into the United States from October 23, 2021, to November 12, 2021, and other specified customs users fees from October 30, 2021, to November 26, 2021.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Slip Laws

Slip laws refer to enacted bills and joint resolutions in their original form as enacted by Congress, that is, before other laws amend them. Slip laws are cited as “Public Law XXX-YYY”, where XXX is the number of the Congress in which the bill or resolution was introduced.

  • Public Law 108-429
  • Public Law 109-432

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 118 Stat. 2600
  • 120 Stat. 3060

Other Citations

  • 5 U.S.C. Chapter 57