< Back to H.R. 3010 (107th Congress, 2001–2002)

Text of the To amend the Trade Act of 1974 to extend the Generalized System of Preferences until December 31, 2002.

...2002.

This bill was introduced on October 5, 2001, in a previous session of Congress, but was not enacted. The text of the bill below is as of Oct 3, 2001 (Introduced).

This is not the latest text of this bill.

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HR 3010 IH

107th CONGRESS

1st Session

H. R. 3010

To amend the Trade Act of 1974 to extend the Generalized System of Preferences until December 31, 2002.

IN THE HOUSE OF REPRESENTATIVES

October 3, 2001

Mr. CRANE introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Trade Act of 1974 to extend the Generalized System of Preferences until December 31, 2002.

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

SECTION 1. EXTENSION OF GENERALIZED SYSTEM OF PREFERENCES.

    (a) EXTENSION OF DUTY-FREE TREATMENT UNDER SYSTEM- Section 505 of the Trade Act of 1974 (19 U.S.C. 2465(a)) is amended by striking ‘September 30, 2001’ and inserting ‘December 31, 2002’.

    (b) RETROACTIVE APPLICATION FOR CERTAIN LIQUIDATIONS AND RELIQUIDATIONS-

      (1) IN GENERAL- Notwithstanding section 514 of the Tariff Act of 1930 or any other provision of law, and subject to paragraph (2), the entry--

        (A) of any article to which duty-free treatment under title V of the Trade Act of 1974 would have applied if the entry had been made on September 30, 2001,

        (B) that was made after September 30, 2001, and before the date of the enactment of this Act, and

        (C) to which duty-free treatment under title V of that Act did not apply,

      shall be liquidated or reliquidated as free of duty, and the Secretary of the Treasury shall refund any duty paid with respect to such entry. As used in this subsection, the term ‘entry’ includes a withdrawal from warehouse for consumption.

      (2) REQUESTS- Liquidation or reliquidation may be made under paragraph (1) with respect to an entry only if a request therefor is filed with the Customs Service, within 180 days after the date of the enactment of this Act, that contains sufficient information to enable the Customs Service--

        (A) to locate the entry; or

        (B) to reconstruct the entry if it cannot be located.