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Stopping Adversarial Tariff Evasion Act

10/4/2024, 8:11 PM

Summary of Bill S 5110

Bill 118 s 5110, also known as the Stopping Adversarial Tariff Evasion Act, is a piece of legislation introduced in the US Congress with the aim of preventing the evasion of tariffs by foreign entities. The bill seeks to address the issue of unfair trade practices by foreign countries that attempt to avoid paying the required tariffs on imported goods.

The Stopping Adversarial Tariff Evasion Act includes provisions that would enhance the ability of US Customs and Border Protection to detect and prevent tariff evasion. This would be achieved through increased cooperation and information sharing between government agencies, as well as the implementation of new tools and technologies to improve monitoring and enforcement efforts.

Additionally, the bill would establish penalties for individuals or companies found to be engaging in tariff evasion, including fines and potential criminal charges. The goal of these measures is to level the playing field for American businesses and ensure that all imported goods are subject to the appropriate tariffs as required by law. Overall, the Stopping Adversarial Tariff Evasion Act aims to protect American industries from unfair competition and strengthen the enforcement of trade regulations to promote a more equitable and transparent trading environment.

Current Status of Bill S 5110

Bill S 5110 is currently in the status of Bill Introduced since September 19, 2024. Bill S 5110 was introduced during Congress 118 and was introduced to the Senate on September 19, 2024.  Bill S 5110's most recent activity was Read twice and referred to the Committee on Finance. as of September 19, 2024

Bipartisan Support of Bill S 5110

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5110

Primary Policy Focus

Alternate Title(s) of Bill S 5110

Stopping Adversarial Tariff Evasion Act
Stopping Adversarial Tariff Evasion Act
A bill to clarify the country of origin of certain articles imported into the United States for purposes of certain trade enforcement actions.

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