Bill

Bill > HR4816


US HR4816

US HR4816
Customs Business Fairness Act of 2021


summary

Introduced
07/29/2021
In Committee
11/01/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend title 11 of the United States Code, to allow full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties.

AI Summary

This bill, the Customs Business Fairness Act of 2021, amends the United States Bankruptcy Code to allow for full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties. Specifically, it modifies Section 507(d) of the Bankruptcy Code to exclude subparagraph (F) from the restrictions on subrogation. This change would enable entities that have paid customs duties on behalf of a bankrupt party to assert the same priority claims as the U.S. government for the recovery of those duties. The amendment applies to bankruptcy cases filed after the bill's enactment date, but not to those commenced prior to that date.

Committee Categories

Government Affairs, Justice

Sponsors (33)

Last Action

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. (on 11/01/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...