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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.
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy 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.
Comments
Sponsors and Cosponsors of S 5110
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