HR 2385 · 115th Congress · Foreign Trade and International Finance
Tariff Inversion Jobs Act of 2017
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Trade.(2017-05-19)
Plain Language Summary
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Tariff Inversion Jobs Act of 2017 This bill directs the U.S. International Trade Commission to submit to Congress a report that: (1) identifies tariff inversions in the Harmonized Tariff Schedule of the United States (HTS) that create an incentive for U.S. companies to move production out of the United States, and (2) includes recommendations for measures that could be taken to eliminate such inversions. Tariff inversions occur when the duty rate for the final product is lower than the duty rate of the component parts. The bill amends the HTS to provide for the duty-free treatment of flat panel displays and main boards for televisions.…
Summarized by Claude AI · Non-partisan · For informational purposes only