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COVID-19 Restitution Act: Additional Duties on Goods from China

This act imposes additional duties on goods imported from China to raise funds for compensation to individuals and businesses in the U.S. affected by the COVID-19 pandemic. It aims to cover economic losses, medical expenses, and government expenditures related to the pandemic. Citizens might see changes in prices of some imported products.
Key points
Imposition of an initial 10% duty on goods from China, increasing by an additional 10% each year until full compensation is collected.
Establishment of a special trust fund (COVID-19 Restitution Trust Fund) to collect proceeds from these duties.
Creation of a compensation program for U.S. citizens, businesses, and state and local governments for financial and economic losses due to the COVID-19 pandemic.
Requirement for the Secretary of State to identify countries adversely impacted by China's actions regarding COVID-19 and encourage similar retaliatory measures.
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Additional Information
Print number: 117_HR_4080
Sponsor: Rep. Brooks, Mo [R-AL-5]
Process start date: 2021-06-23