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Trade Cheating Restitution: Interest on Duties Calculated Since 2000.

This bill modifies how interest is calculated on antidumping and countervailing duties distributed to US companies harmed by unfair trade practices. The key change shifts the start date for calculating this interest from October 1, 2014, back to October 1, 2000. This adjustment aims to increase the financial restitution available to affected domestic industries, covering a longer period of losses caused by foreign dumping and subsidies.
Key points
Changes the start date for calculating interest on trade duties (antidumping and countervailing) from 2014 to 2000.
Potentially increases financial distributions to US businesses harmed by unfair foreign competition.
Strengthens compensation mechanisms for domestic industries affected by trade cheating.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_4044
Sponsor: Rep. Panetta, Jimmy [D-CA-19]
Process start date: 2023-06-12
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

China Trade Cheating Restitution Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4044.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-12.

What are the main provisions?

Key points include:

  • Changes the start date for calculating interest on trade duties (antidumping and countervailing) from 2014 to 2000.
  • Potentially increases financial distributions to US businesses harmed by unfair foreign competition.
  • Strengthens compensation mechanisms for domestic industries affected by trade cheating.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Panetta, Jimmy [D-CA-19].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy