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Bill > HR2667


US HR2667

US HR2667
Fighting Trade Cheats Act of 2023


summary

Introduced
04/18/2023
In Committee
12/17/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Tariff Act of 1930 to increase civil penalties for, and improve enforcement with respect to, customs fraud, and for other purposes.

AI Summary

This bill, the Fighting Trade Cheats Act of 2023, aims to amend the Tariff Act of 1930 to increase civil penalties and improve enforcement for customs fraud. The key provisions include: (1) establishing a presumption that a purchaser had knowledge of a customs violation by an affiliated supplier, (2) tripling the civil penalties for fraudulent violations and increasing penalties for grossly negligent violations, (3) allowing private parties whose business or financial interests are injured by customs fraud to bring civil actions and recover damages, and (4) excluding persons found to have committed fraudulent or grossly negligent customs violations, as well as their affiliated persons, from participating in the Importer of Record program.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (28)

Last Action

Referred to the Subcommittee on Trade. (on 12/17/2024)

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