Bill > S1886

This bill, known as the ANTE Act (Axing Nonmarket Tariff Evasion Act), amends the Trade Act of 1974 to give the United States Trade Representative new authority to combat duty evasion by entities from nonmarket economy countries. Specifically, the bill allows the Trade Representative to initiate inquiries into whether foreign entities are establishing investments in third countries to avoid paying import duties. If such evasion is found, the Trade Representative can impose remedial measures, including imposing duties equal to or greater than the original tariffs. The bill defines a "covered entity" as one owned or controlled by a nonmarket economy country, or with at least 25% ownership by such entities, and applies to countries both classified as nonmarket economies and on the Special 301 Priority Watch List. The Trade Representative can take action either during an ongoing investigation or prospectively if a company plans to establish production in a third country to avoid duties. If no measure is imposed, the Trade Representative must provide Congress with a detailed justification. The measures would remain in effect as long as the original remedial action against the nonmarket economy country is in place or the country maintains a controlling interest in the third-country investment.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1886/all-info