HR 5766
Increasing American Ferrosilicon Production Act
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Bill overview
This bill aims to boost domestic production of ferrosilicon, an alloy used in steelmaking, by increasing tariffs on ferrosilicon imported from Russia and Belarus. Specifically, it raises the duty rate on ferrosilicon classified under a specific tariff code to 35% and requires the U.S. Trade Representative to assess whether American producers can increase their output to meet demand. The bill also extends the authority to impose higher tariffs on goods from Russia and Belarus until January 1, 2025, allowing for a public comment period and a review of domestic production capabilities before further tariff increases are considered.
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Primary sponsor
Cosponsors
Bill Johnson
Brad R. Wenstrup
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