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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.
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
64Democrat Cosponsors
44Republican Cosponsors
20Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4816
Primary Policy Focus
Finance and Financial SectorAlternate 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
Comments
Sponsors and Cosponsors of HR 4816
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