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Code · BILL · 117th Congress · H.R. 8906 (Introduced in House) — To provide for retroactive application of Generalized System of Preferences for the period after December 31, 2020, a... · Sec. 1

Sec. 1. Retroactive application of Generalized System of Preferences for the period after December 31, 2020, and before September 1, 2022

271 words·~1 min read·/bill/117/hr/8906/ih/section-1

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Notwithstanding section 505 of the Trade Act of 1974 ( 19 U.S.C. 2465 ), section 514 of the Tariff Act of 1930 ( 19 U.S.C. 1514 ), or any other provision of law and subject to subsection (b), any entry of a covered article to which duty-free treatment or other preferential treatment under title V of the Trade Act of 1974 ( 19 U.S.C. 2461 et seq. ) would have applied if the entry had been made on December 31, 2020, that was made— after December 31, 2020, and before September 1, 2022, shall be liquidated or reliquidated as though such entry occurred on December 31, 2020. A liquidation or reliquidation may be made under subsection
(a)with respect to an entry only if a request therefor is filed with U.S. Customs and Border Protection not later than 180 days after the date of the enactment of this Act that contains sufficient information to enable U.S. Customs and Border Protection— to locate the entry; or to reconstruct the entry if it cannot be located. Any amounts owed by the United States pursuant to the liquidation or reliquidation of an entry of a covered article under subsection
(a)shall be paid, without interest, not later than 90 days after the date of the liquidation or reliquidation (as the case may be). In this section: The term covered article means an article from a country that is a beneficiary developing country under title V of the Trade Act of ( 19 U.S.C. 2461 et seq. ) as of December 31, 2020. The terms enter and entry include a withdrawal from warehouse for consumption.
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Sec. 1
Retroactive application of Generalized System of Preferences for the period after December 31, 2020, and before September 1, 2022
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