S.260 - Temporary Duty Suspension Process Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. McCaskill, Claire [D-MO] (Introduced 01/27/2015)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/27/2015 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.260 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (01/27/2015)
Temporary Duty Suspension Process Act of 2015
Directs the U.S. International Trade Commission (USITC) to establish a process in which it will: (1) review each article in which a temporary duty suspension or reduction has been recommended at its own initiative or pursuant to a petition, and (2) submit a draft bill to the appropriate congressional committees containing each duty suspension or reduction that meets certain requirements.
Requires the USITC to report to Congress on: (1) recommendations with respect to sectors of the U.S. economy that could benefit from duty suspensions or reductions without causing harm to other domestic interests, and (2) the feasibility of suspending or reducing duties on a sectoral basis rather than on individual articles.