To suspend temporarily the duty on certain magnetic snaps.
The source supplies the latest action, but no lifecycle stage.
Latest action (2 May 2012): Referred to the Subcommittee on Trade.
What this bill does
This bill, H.R. 5035, would temporarily suspend the U.S. import duty on certain magnetic snaps. Specifically, it would allow these magnetic snaps, when used as a component part of finished leather goods classified under subheading 9606.10.80 of the Harmonized Tariff Schedule of the United States, to be imported without paying a duty. This suspension would be in effect until December 31, 2015.
The bill directly affects businesses that import these specific magnetic snaps to use in manufacturing finished leather goods. By suspending the duty, the cost of these imported components would be reduced for those businesses.
H.R. 5035 was introduced in the House of Representatives on April 27, 2012. As it was introduced in a previous session of Congress, and the provided information indicates it did not receive a vote and was introduced on April 27, 2012, its current status is that it remains introduced. Further action would require it to be reintroduced and considered by the relevant committees and the full House, and subsequently the Senate.
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 suspend temporarily the duty on certain magnetic snaps.
Timeline
2 May 2012
Referred to the Subcommittee on Trade.
Common questions
- What does H.R. 5035 do?
- This bill, H.R. 5035, would temporarily suspend the U.S. import duty on certain magnetic snaps. Specifically, it would allow these magnetic snaps, when used as a component part of finished leather goods classified under subheading 9606.10.80 of the Harmonized Tariff Schedule of the United States, to be imported without paying a duty. This suspension would be in effect until December 31, 2015. The bill directly affects businesses that import these specific magnetic snaps to use in manufacturing finished leather goods. By suspending the duty, the cost of these imported components would be reduced for those businesses. H.R. 5035 was introduced in the House of Representatives on April 27, 2012. As it was introduced in a previous session of Congress, and the provided information indicates it did not receive a vote and was introduced on April 27, 2012, its current status is that it remains introduced. Further action would require it to be reintroduced and considered by the relevant committees and the full House, and subsequently the Senate.
- Has H.R. 5035 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 5035. Check the latest action and official source below.
- Who sponsored H.R. 5035?
- H.R. 5035 was sponsored by Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), with 0 cosponsors.
- What's the latest action on H.R. 5035?
- Referred to the Subcommittee on Trade. (2 May 2012).
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