This bill would reduce by 50% any duty or importer fee (a covered import restriction) on a finished forestry product if the importer proves to U.S. Customs and Border Protection (CBP) that the product contains 100 percent raw wood material that originated in the United States. The bill directs CBP, working with the U.S. Trade Representative, to issue rules within 90 days to implement the change, including verification and fraud-prevention procedures. The bill defines finished forestry products and raw wood material by specific Harmonized Tariff Schedule (HTS) subheadings and lists the trade authorities it covers.
The bill also adds a requirement that the President may not impose or change a duty or other import restriction for a finished forestry product under the listed trade authorities unless the action is published in the Federal Register at least 90 days before it takes effect. The published notice must include the rate or amount, the legal basis, each affected finished forestry product and its HTS code, the justification, and the proposed effective date. The notice must allow at least 60 days for public written comments.
No publicly available information on estimated costs or savings is included in the bill text. The bill does require CBP rulemaking within 90 days, but it does not provide cost estimates or funding details.
No publicly available information.
No publicly available information.