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 | 10:57am 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
Latest news
Date Title
5m ago New industry minister Miyazawa visits Fukushima plant for 1st time
11m ago Rocket Internet IPO propped up by underwriting bank - filing
18m ago MARATHON RESOURCES : Quarterly Activity & Cashflow Statement July - September 2014
39m ago HONDA MOTOR : A Raffle for a Cause, Win a 2015 Honda and Help the Poor
39m ago BILLING SERVICES : Consumer Alert: California Newspaper Subscription Scam
39m ago MADIGAN : New Charges Against Premier Bank Board Members in Criminal Fraud Scheme
49m ago Ed Sappin from Sappin Global Strategies Ranks the Top 10 Innovative Cities in the World
52m ago NIGC NATIONAL IRANIAN GAS : Iran South Pars Gas Recovery to Reach 16 bcf/d
53m ago BTU : SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of BTU International, Inc. in Connection with the Sale of the Company
54m ago BEIJING CAPITAL INTERNATINL ARPRT : In the eye of the outbreak
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Angola brings oil firm Sonangol into local BES bank
1SPATIAL : Interim Results for the six month period ended 31 July 2014
ULS TECHNOLOGY : Plunges As Improved Results Still Won't Meet Forecasts
REGIONAL MANAGEMENT : NYSE stocks posting largest percentage decreases
OPLINK COMMUNICATIONS : posts 1Q profit
Most Read News
1d ago J.P. MORGAN FOUND HACKERS THROUGH BREACH OF CORPORATE EVENT WEBSITE : media
1d ago GRUPO CARSO DE C V : Mexico could help realise Central America economic plan - ministry
1d ago EXCLUSIVE - U.S. PROBING STANDARD CHARTERED OVER DUBAI BANKING : sources
1d ago NETFLIX : Amazon hits back in on-demand TV war with Netflix: Comedy drama Transparent hailed as internet service's answer to House of Cards
1d ago Herbalife to pay $15 million to settle class action lawsuit
Most recommended articles
10m ago Rocket Internet IPO propped up by underwriting bank - filing
2h ago CARLOS SLIM : KPN's America Movil board member sells part of KPN stake
2h ago Meyer Burger CEO says no current plans to raise more capital - paper
3h agoDJChina Manufacturing Falls to Five Month Low -- 2nd Update
7h ago China's October factory growth unexpectedly hits five-month low - official PMI
Dynamic quotes  
ON
| OFF