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S 1244 112th Congress Senate Foreign Trade and International Finance Asia Congressional oversight Free trade and trade barriers Government studies and investigations Manufacturing Philippines Tariffs

SAVE Act

Introduced: June 22, 2011 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4026-4028)
Jun 22, 2011
Sponsor introductory remarks on measure. (CR S4025-4026)
Jun 22, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Save Our Industries Act of 2011 or SAVE Act - Grants duty-free treatment, subject to specified conditions, to certain apparel wholly assembled in the United States or the Philippines, or both, and components of such apparel consisting entirely of: (1) fabric cut in the United States or the Philippines, or both, from fabric wholly formed in the United States from yarns wholly formed in the United States; (2) components knit-to-shape in the United States from yarns wholly formed in the United States; or (3) any combination of such fabric or components.

Prescribes single transformation duty-free rules for specified apparel articles, regardless of the source of the fabric, fabric components, components knit-to-shape, or yarns from which the articles are made, if they: (1) are cut and wholly assembled, or knit-to-shape, in the Philippines from any combination of such components; and (2) are imported directly into the United States from the Philippines.

Prescribes requirements for review and enforcement of the program.

Prescribes penalties for exporters and importers who engage in the transshipment of apparel that has been afforded preferential treatment under this Act.

What's happening now June 22, 2011

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4026-4028)

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1