Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

U.S. Senate Committee on Finance : Baucus-Hatch Bill Strengthen U.S. Customs Agencies, Helps Boost Job-Creating Trade

03/26/2013 | 09:57am US/Eastern

For Immediate Release
March 25, 2013

Contact:

Sean Neary/Meaghan Smith (Baucus), 202-224-4515
Antonia Ferrier/Julia Lawless (Hatch), 202-224-4515

Baucus-Hatch Bill Strengthen U.S. Customs Agencies, Helps Boost Job-Creating Trade

Finance Leaders' Bill Reauthorizes CBP, ICE with New Tools to Carry out Trade Efforts

WASHINGTON - Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) introduced legislation late Friday to bolster the nation's job-creating trade agenda by strengthening the trade facilitation and enforcement efforts of U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement (ICE).

The Trade Facilitation and Trade Enforcement Reauthorization Act of 2013 reauthorizes CBP and ICE and directs them to dedicate resources to customs facilitation and trade enforcement. The bill also establishes new tools and high-level trade positions to bolster the agencies' trade-related efforts.

"Our trade agenda will only deliver the jobs and economic growth we need if the agencies that keep goods moving at our ports have the right tools.  In Montana, we've worked hard to make sure Main Street businesses can tap into new markets in Canada - one of our top trading partners," Senator Baucus said.  "This bill helps Customs and Border Protection and Immigration and Customs Enforcement improve their trade missions by enforcing U.S. customs and trade laws and guaranteeing that safe and legitimate goods can move across our borders."

"Enhancing Customs and Border Protection's commercial operations, as this bill does, will expand trade and ensure compliance with our customs and trade laws. This legislation also goes a long way to stop pirated and counterfeit products from entering our country that threaten our innovation, our consumers, and our security" said Senator Hatch."This is smart, bipartisan policy that will strengthen America's economy and enhance our global competitiveness. I look forward to working with Senator Baucus and my colleagues to advance this common-sense initiative through Congress."

The Finance Committee leaders' bill supports CBP's trade efforts by devoting a Deputy Commissioner and an Assistant Commissioner of Trade exclusively to trade facilitation and enforcement.  It requires CBP and ICE to coordinate with other federal agencies to enforce U.S. trade laws at our borders and prevent unsafe or infringing goods from harming U.S. consumers.

The legislation strengthens trade enforcement by requiring a Joint Strategic Plan to improve CBP and ICE's coordination and provides new tools and resources to target and ensure effective trade enforcement at U.S. ports.  The bill also includes provisions of the ENFORCE Act, which passed out of the Finance Committee in July 2012, to provide CBP and the private sector with the tools to combat the evasion of antidumping and countervailing duties.

The legislation also directs CBP to provide commercially significant and measurable trade benefits to participants in voluntary trade programs.  This will promote compliance among importers and expedite the flow of legitimate goods across U.S. borders, while allowing CBP to focus its limited resources on shipments that pose the greatest risk to our economy and consumers.

The Senate Finance Committee has jurisdiction over international trade, including the trade missions of CBP and ICE and committee approval of the nominee for CBP Commissioner.

A full summary of the bill is available here.

###

distributed by
React to this article
Latest news
Date Title
12:07p FLUOR NEW : Lands $1.4 Billion Idaho Site Clean Up Contract
12:07p TARGA RESOURCES : and Targa Resources Partners LP Announce Stockholder and Unitholder Approval of the Merger
12:07p KIER : wins 160m Surrey highways extension
12:07p PREMIER OIL : Noble Terminate Contract for Eirik Raude Rig
12:07p MINES MANAGEMENT : Long-stalled Montana mine gets conditional approval
12:07p HONEYWELL : Eastman Chemical Company : (EMN) Position Increased by Honeywell International Inc.
12:07p CITYCONS : Financial Statements and Corporate Governance Statement 2015 published
12:07p LATVIJAS BALZAMS : FCMC allows SIA "AMBER BEVERAGE GROUP" to announce voluntary takeover bid of AS "Latvijas balzams" shares
12:07p PURA VIDA ENERGY NL : in Talks to Drill a Second Well in Mazagan Permit Off Morocco
12:07p MINES MANAGEMENT : gets conditional approval to build $500m copper/silver mine in Montana
Latest news
Advertisement
Hot News 
AVENIR TELECOM : CSU textiles, design museum opens four exhibits to mark major expansion
VENTURE LIFE : In GBP3.7 Million Fundraising To Buy Mouthwash Maker (ALLISS)
DEUTSCHE POSTBANK : self-service solutions put control in customers' hands
LONDON & ASSOCIATED PROPERTIES : AND ASSOCIATED PROPERTIES PLC - Director/PDMR Shareholding
Paragon Offshore to File for Bankruptcy
Most Read News
08:33a Israeli CyberArk releases bombastic 2015 earnings report
03:27a RBS hatches new businesses at HQ
02/12 PGA TOUR : Palmer's ace a winner for lucky fan
02/12 THE FEMALE HEALTH COMPANY : Supports UNAIDS’ Call for Increased Investments in Condoms
02/12 CALIFORNIA AIR RESOURCES BOARD : ARB Newsclips for February 12, 2016.
Most recommended articles
11:39aDJBAE Systems Poised to Name Charles Woodburn Operating Chief
10:01aDJBrazil's President Limits Spending Ahead of Budget Cuts -- Update
09:01a Dijsselbloem rejects calls for looser banking rules
08:19aDJBrazil's President Limits Spending Ahead of Budget Cuts
08:17aDJMARKET SNAPSHOT : China Stocks In Focus After Ringing In 'Year Of The Monkey'