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US HR1453

US HR1453
Customs Business Fairness Act of 2023


summary

Introduced
03/08/2023
In Committee
03/08/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th 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 2023, amends the United States Bankruptcy Code (Title 11) to allow full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties. This means that if a company fails to pay its customs duties and subsequently files for bankruptcy, the United States government can step into the company's shoes and assert its claim for the unpaid duties with the same priority as the company would have had. The amendment applies to bankruptcy cases filed on or after the date of the bill's enactment, but not to cases that were already commenced before that date.

Committee Categories

Justice

Sponsors (30)

Last Action

Referred to the House Committee on the Judiciary. (on 03/08/2023)

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