Bill 119 HR 805, also known as the "Tariff Act of 1930 Modification Act," aims to make changes to section 321 of the Tariff Act of 1930. This bill specifically focuses on modifying the administrative exemptions under the Tariff Act.
The Tariff Act of 1930 is a key piece of legislation that governs the imposition of tariffs on imported goods. Section 321 of this Act currently includes provisions for administrative exemptions, which allow certain goods to be exempt from tariffs under specific circumstances.
The proposed changes in Bill 119 HR 805 seek to update and streamline these administrative exemptions. The bill aims to make the process more efficient and effective, ensuring that the exemptions are applied fairly and consistently.
Overall, the goal of this bill is to modernize and improve the administration of tariffs under the Tariff Act of 1930. By making these modifications, the bill aims to create a more transparent and efficient system for determining which goods are exempt from tariffs, ultimately benefiting both consumers and businesses in the United States.