Leveling the Playing Field 2.0 Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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. The bill also addresses cross-border subsidies, modifies definitions related to trade distortions, and includes procedures for circumvention inquiries. Finally, it provides authority to investigate currency undervaluation as a countervailable subsidy, and establishes procedures for ensuring compliance by nonresident importers.
Key provisions
- Establishes procedures for successive antidumping and countervailing duty investigations, including timelines for determinations.
- Allows for concurrent and recently completed investigations in successive investigations.
- Addresses cross-border subsidies by requiring consideration of subsidies provided by foreign governments or public entities.
- Modifies the definition of ‘ordinary course of trade’ to account for insufficient quantities of foreign products.
- Adjusts export price and constructed export price calculations to account for distortions in costs.
- Includes procedures for conducting circumvention inquiries, specifying deadlines for preliminary and final determinations.
- Provides statutory authority to investigate currency undervaluation as a countervailable subsidy.
- Requires nonresident importers to maintain assets in the United States to cover potential duties.
Who is affected
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Sponsors
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24 on record
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Cosponsors
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