Congressional Action Provides Opportunity for Importers

Kelley Drye Client Advisory

A recent Congressional action will provide importers with an opportunity to lower duties. The House Ways and Means Committee’s Subcommittee on Trade’s Chairman Sander Levin (D-MI) and Ranking Member Wally Herger (R-CA) announced on November 1 that the Trade Subcommittee will ask that all Members of Congress who wish to introduce tariff reduction or suspension legislation, do so before Friday, December 14, 2007 if the members intend for their bills to be included in omnibus miscellaneous tariff legislation.