To clarify section 1511 of the Miscellaneous Trade and Technical Corrections Act of 2004.

Includes interest accrued after deposit of duties in the meaning of "any amount owed" under the Miscellaneous Trade and Technical Corrections Act of 2004. Requires the Bureau of Customs and Border Protection of the Department of Homeland Security, as a consequence, to reliquidate certain entries prematurely liquidated and to refund any amounts owed, including such interest.

Requires the Bureau to reliquidate with such interest (at the rate provided for in the Tariff Act of 1930) certain entries already reliquidated before enactment of this Act.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3820 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3820

   To clarify section 1511 of the Miscellaneous Trade and Technical 
                        Corrections Act of 2004.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 15, 2005

  Mr. Linder introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To clarify section 1511 of the Miscellaneous Trade and Technical 
                        Corrections Act of 2004.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CLARIFICATION OF RELIQUIDATION PROVISION.

    (a) Inclusion of Interest.--The term ``any amounts owed'' in 
section 1511(b) of the Miscellaneous Trade and Technical Corrections 
Act of 2004 (118 Stat. 2542; Public Law 108-429), includes interest 
accrued from the date of deposit of duties made in connection with 
entries described in section 1511(c) of that Act, to the date of the 
reliquidation of the entries pursuant to section 1511 of that Act.
    (b) Reliquidations With Interest.--Notwithstanding section 514 of 
the Tariff Act of 1930 (19 U.S.C. 1514) or any other provision of law, 
to the extent that the entries listed in section 1511(d) of the Act 
referred to in subsection (a) were reliquidated by the Bureau of 
Customs and Border Protection, before the enactment of this Act, 
without the payment of interest required under subsection (a) of this 
section, the Bureau shall, within 90 days after the date of enactment 
of this Act, reliquidate the affected entries with the interest 
required under subsection (a), calculated at the interest rates 
provided for in section 505(c) of the Tariff Act of 1930 (19 U.S.C. 
1505(c)).
                                 <all>