On July 26, 2018, the U.S. Senate passed the Miscellaneous Tariff Bill Act of 2018 (MTB) with minor amendments. The bill now goes back to the House of Representatives for approval.
The MTB removes expired duty rate reductions in the Harmonized Tariff Schedule of the U.S., and adds duty suspensions and reductions that last through December 31, 2020.
The effective date of the bill will be 30 days after the date of the enactment of the MTB.
The Senate’s Congressional Record (CR S5438)may be found here:
https://www.congress.gov/crec/2018/07/26/CREC-2018-07-26-pt1-PgS5438-3.pdf
The MTB (H.R. 4318), as passed by the House on January 16, 2018, may be found here:
https://www.congress.gov/115/bills/hr4318/BILLS-115hr4318rfs.pdf
