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Customs Business Fairness Act of 2021

12/31/2022, 5:04 AM

Summary of Bill HR 4816

Bill 117 HR 4816, also known as the Customs Business Fairness Act of 2021, aims to address issues related to customs duties and fees for businesses engaged in international trade. The bill seeks to promote fairness and transparency in the customs process by requiring the Department of Homeland Security to establish a process for businesses to challenge customs decisions and seek refunds for overpaid duties.

Additionally, the bill includes provisions to streamline the customs clearance process for small businesses, reduce administrative burdens, and improve communication between customs officials and businesses. It also calls for increased training for customs officials to ensure they are knowledgeable about the latest trade regulations and procedures.

Overall, the Customs Business Fairness Act of 2021 is designed to support businesses engaged in international trade by promoting fairness, efficiency, and transparency in the customs process. It aims to create a more level playing field for businesses of all sizes and ensure that they are not unfairly burdened by excessive customs duties and fees.

Congressional Summary of HR 4816

Customs Business Fairness Act of 2021

This bill modifies the treatment of claims by customs brokers for unpaid customs duties in chapter 11 (reorganization) bankruptcy proceedings.

Current Status of Bill HR 4816

Bill HR 4816 is currently in the status of Bill Introduced since July 29, 2021. Bill HR 4816 was introduced during Congress 117 and was introduced to the House on July 29, 2021.  Bill HR 4816's most recent activity was Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. as of November 1, 2022

Bipartisan Support of Bill HR 4816

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
64
Democrat Cosponsors
44
Republican Cosponsors
20
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4816

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4816

To amend title 11 of the United States Code, to allow full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties.
Customs Business Fairness Act of 2021
Customs Business Fairness Act of 2021

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