A bill to extend the temporary suspension of duty on 50 percent amine neutralized phosphated polyester polymer, 50 percent solvesso 100.
Latest action (24 Apr 2006): Introduced
What this bill does
This bill, S. 2626, proposes to extend a temporary suspension of import duties. Specifically, it would prolong the period during which no duty is charged on a product identified as "50 percent amine neutralized phosphated polyester polymer, 50 percent solvesso 100." The existing suspension, set to expire on December 31, 2006, would be extended to December 31, 2009, if the bill becomes law.
This measure would affect importers or businesses that bring this particular chemical mixture into the United States. By extending the duty suspension, the cost of importing this product would remain lower through the end of 2009 compared to if the suspension were allowed to expire. The bill does not describe any other impacts or benefits.
S. 2626 was introduced in the Senate on April 24, 2006, by Senator George Voinovich. It was read twice and then referred to the Committee on Finance. As of the provided information, its latest action is that it has been introduced. The bill would need to pass both the Senate and the House of Representatives and be signed by the President to become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Amends the Harmonized Tariff Schedule of the United States to extend the suspension, through December 31, 2009, of the duty on 50% amine neutralized phosphated polyester polymer, 50% solvesso 100.
Common questions
- What does S. 2626 do?
- This bill, S. 2626, proposes to extend a temporary suspension of import duties. Specifically, it would prolong the period during which no duty is charged on a product identified as "50 percent amine neutralized phosphated polyester polymer, 50 percent solvesso 100." The existing suspension, set to expire on December 31, 2006, would be extended to December 31, 2009, if the bill becomes law. This measure would affect importers or businesses that bring this particular chemical mixture into the United States. By extending the duty suspension, the cost of importing this product would remain lower through the end of 2009 compared to if the suspension were allowed to expire. The bill does not describe any other impacts or benefits. S. 2626 was introduced in the Senate on April 24, 2006, by Senator George Voinovich. It was read twice and then referred to the Committee on Finance. As of the provided information, its latest action is that it has been introduced. The bill would need to pass both the Senate and the House of Representatives and be signed by the President to become law.
- Has S. 2626 become law?
- Not yet. As of 24 Apr 2006, S. 2626 is introduced.
- Who sponsored S. 2626?
- S. 2626 was sponsored by Sen. George Voinovich [R-OH, 1999-2010] (Republican-OH), with 1 cosponsor.
- What's the latest action on S. 2626?
- Introduced (24 Apr 2006).
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