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S 3876 116th Congress Senate Foreign Trade and International Finance

A bill to make a technical correction relating to the treatment of refunds of merchandise processing fees under the United States-Mexico-Canada Agreement Implementation Act.

Introduced: June 3, 2020 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 3, 2020
Read twice and referred to the Committee on Finance.
Jun 3, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

This bill authorizes U.S. Customs and Border Protection (CBP) to refund any merchandise processing fees when an imported good is reliquidated to refund excess duties under the United States-Mexico-Canada Agreement.

A merchandise processing fee is a processing fee assessed by CBP based on the value of the merchandise being imported, not including duty, freight, and insurance charges. Currently, a merchandise processing fee may not be refunded when an imported good is reliquidated to refund excess duties.

What's happening now June 3, 2020

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1