S 989 · 114th Congress · Foreign Trade and International Finance
Residue Entries and Streamlining Trade Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2015-04-16)
Plain Language Summary
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Residue Entries and Streamlining Trade Act This bill amends the Harmonized Tariff Schedule of the United States to exempt from duty treatment the residue of bulk cargo contained in instruments of international traffic previously exported from the United States. The following terms are defined: "residue" means material of bulk cargo, of no or de minimis value, that remains in an instrument of international traffic after a certain amount of the bulk cargo is removed; "bulk cargo" means cargo that is unpackaged and is in either solid, liquid, or gaseous form; and "instruments of international traffic" means certain reusable containers or holders (i.e. lift vans, cargo vans, shipping tanks, skids, pallets, caul boards, and cores for textile fabrics) arriving (whether loaded or empty) for use in the shipment of merchandise in international traffic, as well as any additional articles that the Commissioner of U.S. Customs and Border Protection designates as instruments of international traffic.…
Summarized by Claude AI · Non-partisan · For informational purposes only