Articles for “Congress”
Bipartisan Bill Introduced to Require CBP to Pay Interest on CDSOA Distributions From 2000-14 Period
Rep. Jimmy Panetta, D-Calif., and Rep. David Valadao, R-Calif., introduced a bill that would require CBP to pay interest on distributions of antidumping duties and countervailing duties to injured parties under the Continued Dumping and Subsidy Offset Act (CDSOA), for entries that were made before Sept. 30, 2007. According to a press release from Panetta, garlic growers are owed $10.5 million for distributions that were too low between 2000 and 2014. Under the Trade Facilitation and Trade Enforcement Act (TFTEA), interest was paid on distributions of payments made after Oct. 1, 2014, in connection with "a customs bond pursuant to a court order or judgment; or a settlement with respect to a customs bond, including any payment made to U.S. Customs and Border Protection with respect to that bond by a surety."