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

Introduced:
Sep 19, 2012 (112th Congress, 2011–2013)
Status:
Died (Reported by Committee) in a previous session of Congress

This bill was introduced on September 19, 2012, in a previous session of Congress, but was not enacted.

Introduced
Sep 19, 2012
Reported by Committee
Sep 19, 2012
 
Sponsor
Max Baucus
Senator from Montana
Party
Democrat
Text
Read Text »
Last Updated
Sep 19, 2012
Length
34 pages
Related Bills
H.R. 6265 (Related)
To renew and modify the temporary duty suspensions on certain cotton shirting fabrics.

Referred to Committee
Last Action: Aug 01, 2012

S. 1295 (Related)
Citrus Disease Research and Development Trust Fund Act of 2011

Referred to Committee
Last Action: Jun 29, 2011

 
Full Title

An original bill to create a Citrus Disease Research and Development Trust Fund to support research on diseases impacting the citrus industry, to renew and modify the temporary duty suspensions on certain cotton shirting fabrics, and to modify and extend the Wool Apparel Manufacturers Trust Fund, and for other purposes.

Summary

No summaries available.

 
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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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.
Citrus, Wool, and Cotton Trust Fund Act of 2012 -
TitleI - Citrus Disease Research and Development Trust Fund
Citrus Disease Research and Development Trust Fund Act of 2012 -
Section103 -
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.
Section104 -
Establishes the Citrus Disease Research and Development Trust Fund Advisory Board.
TitleII - Cotton and Wool Trust Funds
Section201 -
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.
Section202 -
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.
TitleIII - Miscellaneous
Section301 -
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.
Section302 -
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.
Section303 -
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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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