Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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
1m ago JZ CAPITAL PARTNERS : Reports Rise In Net Asset Value
1m ago PESONA METRO BHD : Gfinity, Market Tech And Mithril Capital Begin Trading After IPOs
3m ago Why We Stopped Buying Nigeria's Oil, By White House
3m ago National Sports Lottery Launched
4m ago RESONANCE HEALTH : FerriScan And Cardiac T2* Services Showcased In Europe
4m ago PATERNOSTER RESOURCES : Update on placing and holding in company
4m ago LIPPO MALLS INDONESIA RETAIL : Disclosure Of Interest/ Changes In Interest Of Substantial Shareholder(s)/ Unitholder(s) - Notification Form For Substantial Unitholders In Respect Of Interests In Securities
4m ago BUDIMEX : Current report no 101 / 2014
6m agoDJHong Kong Shares End Higher on Mainland Rally
6m ago Oil rebounds above $62, tracking broader markets
Latest news
Advertisement
Hot News 
ACTION HOTELS : Finishes Two Hotels In Bahrain, UAE With Third Coming
MORPHOSYS : Announces Clinical Milestone in Oncology Program
ADOCIA : shareholder newsletter and invitation to two conference calls today and tomorrow
ELMOS SEMICONDUCTOR : english (DGAP DD)
MATTEL : Boys and girls spoilt for choice
Most Read News
1d ago GOODMAN : GMG distribution for the six months ending 31 December 2014
1d agoDJBANK OF EAST ASIA : Thomas Kwok Conviction Won't Impact Company
1d ago SMARTAC CHINA : 22 Dec 2014Announcements and Notices - Voluntary Announcement in Respect of Signing of Wi-fi installation and Post-installation Maintenance and Operation Agreement
1d ago SONY : Kevin Hart to host 'Saturday Night Live' Jan. 17
1d ago INDOOR SKYDIVE AUSTRALIA : ASX:IDZ) Perth Development Application Lodged
Most recommended articles
6m agoDJHong Kong Shares End Higher on Mainland Rally
6m ago Oil rebounds above $62, tracking broader markets
7m ago Shares, oil and rouble rally into Christmas period
7m ago Shares, oil and ruble rally into Christmas period
18m agoDJAsian Shares Mostly Up as Crude, Ruble Stabilize--2nd Update
Dynamic quotes  
ON
| OFF