Sec. 12315. AGRICULTURE WOOL APPAREL MANUFACTURERS TRUST FUND
612 words·~3 min read·
/statute-compilations/comps-10872/sec-12315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 12315 AGRICULTURE WOOL APPAREL MANUFACTURERS TRUST FUND **[**[7 U.S.C. 7101 note](/us/usc/t7/s7101)**]** ###
(a)Establishment of Trust Fund There is established in the Treasury of the United States a trust fund to be known as the “Agriculture Wool Apparel Manufacturers Trust Fund” (in this section referred to as the “Trust Fund”), consisting of such amounts as may be transferred to the Trust Fund pursuant to subsection (f), and to be used for the purpose of reducing the injury to domestic manufacturers resulting from tariffs on wool fabric that are higher than tariffs on certain apparel articles made of wool fabric. ###
(b)Distribution of Funds ####
(1)In general From amounts in the Trust Fund, the Secretary may make payments annually beginning in calendar year 2014 for calendar years 2010 through 2031 as follows: #####
(A)To each eligible manufacturer under paragraph
(3)of section 4002(c) of the Wool Suit and Textile Trade Extension Act of 2004 (Public Law 108-429; 118 Stat. 2600), as amended by section 1633(c) of the Miscellaneous Trade and Technical Corrections Act of 2006 (Public Law 109-280; 120 Stat. 1166) and section 325(b) of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 (division C of Public Law 110-343; 122 Stat. 3875), and any successor-in-interest to such a manufacturer as provided for under paragraph
(4)of such section 4002(c), that submits an affidavit in accordance with paragraph
(2)for the year of the payment, payments in amounts authorized under that paragraph. #####
(B)To each eligible manufacturer under paragraph
(6)of such section 4002(c), payments in amounts authorized under that paragraph. ####
(2)Submission of affidavits An affidavit required by paragraph (1)(A) shall be submitted to the Secretary, or as directed by the Secretary, and not later than March 1. ###
(c)Payment of Amounts The Secretary shall make payments to eligible manufacturers and successors-in-interest described in paragraphs
(1)and
(2)of subsection
(b)not later than April 15 of the year of the payment. ###
(d)Memoranda of Understanding The Secretary shall, as soon as practicable after the date of the enactment of this Act, negotiate memoranda of understanding with the Commissioner responsible for U.S. Customs and Border Protection and the Secretary of Commerce to establish procedures pursuant to which the Commissioner and the Secretary of Commerce will assist in carrying out the provisions of this section. ###
(e)Increase in Payments in the Event of Expiration of Duty Suspensions ####
(1)In general In any calendar year in which the suspension of duty on wool fabrics provided for under headings 9902.51.11, 9902.51.13, 9902.51.14, 9902.51.15, and 9902.51.16 of the Harmonized Tariff Schedule of the United States are not in effect, the amount of any payment described in subsection (b)(1) to a manufacturer or successor-in-interest shall be increased by an amount the Secretary, after consultation with the Secretary of Commerce, determines is equal to the amount the manufacturer or successor-in-interest would have saved during the calendar year of the payment if the suspension of duty on wool fabrics were in effect. ####
(2)No appeal of determinations A determination of the Secretary under this subsection shall be final and not subject to appeal or protest. ###
(f)Funding ####
(1)In general Of the funds of the Commodity Credit Corporation, the Secretary shall transfer to the Trust Fund for each of calendar years 2014 through 2031 an amount equal to the lesser of— #####
(A)the amount the Secretary determines to be necessary to make payments required by this section in that calendar year; or #####
(B)$30,000,000. ####
(2)Availability Amounts transferred to the Trust Fund under paragraph
(1)shall remain available until expended.
Connectionstraces to 1
Traces to 1 document
6 references not yet in our index
- Pub. L. 108-429
- 118 Stat. 2600
- Pub. L. 109-280
- 120 Stat. 1166
- Pub. L. 110-343
- 122 Stat. 3875
Citation graph
cites case law
Sec. 12315
AGRICULTURE WOOL APPAREL MANUFACTURERS TRUST FUND
Pub. L.Pub. L. 108-429
Stat.118 Stat. 2600
Pub. L.Pub. L. 109-280
Stat.120 Stat. 1166
Pub. L.Pub. L. 110-343
Cites 7 · showing 6Cited by 0 across 0 sources