Leveling the Playing Field 2.0 Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Leveling the Playing Field 2.0 Act aims to improve the administration of U.S. antidumping and countervailing duty laws. It establishes a process for successive investigations, allowing for concurrent or recently completed investigations, and sets timelines for determining outcomes. The bill also addresses cross-border subsidies, modifies definitions related to trade distortions, clarifies circumvention inquiries, and provides authority to investigate currency undervaluation as a subsidy. Finally, it strengthens procedures for duty evasion and addresses requirements for nonresident importers.
Key provisions
- Establishes a process for successive antidumping and countervailing duty investigations, including concurrent and recently completed investigations.
- Sets timelines for the Department of Commerce to issue determinations in successive investigations.
- Authorizes the Department of Commerce to apply countervailing duty law to subsidies provided by a foreign government or public entity to a company operating in a different country.
- Modifies the definition of ‘ordinary course of trade’ to account for insufficient quantities of foreign products.
- Addresses cross-border subsidies by allowing for the cumulation of subsidies from third countries.
- Clarifies procedures for circumvention inquiries, including deadlines for preliminary and final determinations.
- Provides statutory authority to investigate currency undervaluation as a countervailable subsidy.
- Establishes requirements for nonresident importers to maintain assets in the United States.
Bill text
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Sponsors
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