US SB3326 | 2011-2012 | 112th Congress

Status

Spectrum: Slight Partisan Bill (Republican 9-5)
Status: Introduced on June 21 2012 - 25% progression, died in chamber
Action: 2012-09-20 - By Senator Baucus from Committee on Finance filed written report. Report No. 112-225. Additional views filed.
Text: Latest bill text (Engrossed) [PDF]

Summary

(Sec. 1) Amends the African Growth and Opportunity Act to extend through FY2015 the third-country fabric rule granting duty-free treatment of apparel articles wholly assembled, or knit-to-shape and wholly assembled, or both, in one or more lesser developed beneficiary sub-Saharan African countries, regardless of the country of origin of the fabric or the yarn used to make such articles. Revises the term "sub-Saharan African country" to include the Republic of South Sudan (South Sudan) under such Act. (Sec. 2) Amends the Harmonized Tariff Schedule of the United States to modify textile and apparel rules of origin for the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). (Sec. 3) Amends the Burmese Freedom and Democracy Act of 2003 to renew, for three years, the President's authority to ban the import of Burmese products. Approves the renewal of certain import restrictions contained in the Act. Deems this resolution a renewal resolution which shall take effect upon its enactment or July 26, 2012, whichever occurs first. (Sec. 4) Amends the Internal Revenue Code to require estimated tax payments which are otherwise due in the third quarter of 2017 for corporations with assets of at least $1 billion to be 100.25% of such amount. Requires the next required installment to be appropriately reduced to reflect the amount of this increase. (Sec. 5) Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs users fees for the processing of merchandise entered into the United States from August 2, 2021, to October 22, 2021, and other specified customs users fees from December 8, 2020, to October 29, 2021.

Tracking Information

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Title

A bill to amend the African Growth and Opportunity Act to extend the third-country fabric program and to add South Sudan to the list of countries eligible for designation under that Act, to make technical corrections to the Harmonized Tariff Schedule of the United States relating to the textile and apparel rules of origin for the Dominican Republic-Central America-United States Free Trade Agreement, to approve the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003, and for other purposes.

Sponsors


Roll Calls

2012-08-02 - Senate - On the Amendment S.Amdt. 2771 to S. 3326 (No short title on file) (Y: 40 N: 58 NV: 2 Abs: 0) [FAIL]

History

DateChamberAction
2012-09-20SenateBy Senator Baucus from Committee on Finance filed written report. Report No. 112-225. Additional views filed.
2012-08-02SenatePassed Senate without amendment by Unanimous Consent. (text: CR S5920-5921)
2012-08-02SenateS.AMDT.2771 Amendment SA 2771 not agreed to in Senate by Yea-Nay Vote. 40 - 58. Record Vote Number: 188.
2012-08-02SenateS.AMDT.2771 Amendment SA 2771 proposed by Senator Coburn. (consideration: CR S5905-5907, S5919-5920; text: CR S5905)In the nature of a substitute.
2012-08-02SenateMeasure laid before Senate by unanimous consent. (consideration: CR S5904-5907, S5920-5921, S5934)
2012-07-25SenateCommittee on Foreign Relations. Hearings held. Hearings printed: S.Hrg. 112-653.
2012-07-18SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 459.
2012-07-18SenateCommittee on Finance. Reported by Senator Baucus without amendment. Without written report.
2012-06-21SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB5986 (Same As) 2012-08-10 - Became Public Law No: 112-163.

Subjects


US Congress State Sources


Bill Comments

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