,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bcfi  ,,in ,,the ,,house ,,of  
,,representatives  ,may #d1 #bjag,ms4   
,frankel of ,florida 7for herself1 ,mr4 
,yoho1 ,mr4 ,francis ,rooney of         
,florida1 ,mr4 ,deutch1 ,mr4            
,diaz-,balart1 ,mr4 ,hastings1 ,mr4     
,de,santis1 ,mr4 ,thomas ,j4 ,rooney of 
,florida1 and ,mr4 ,mast7 introduced the
 following bill2 which was referred to  
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,tariff ,act of   
#aicj to provide for a deferral of the  
payment of a duty upon the sale of      
certain used yachts1 and for other      
purposes4  #a4 ,duty upon sale of       
certain used yachts  7a7 ,in general    
,title ,,iv of the ,tariff ,act of #aicj
 7#ai ,u4,s4,c4 #adja et seq47 is       
amended by striking section #dhd;b and  
inserting the following3  #dhd;b4 ,duty 
upon sale of certain used yachts  7a7   
,in general ,notwithstanding any other  
provision of law1 any used yacht that   
has a valid cruising license under the  

laws of the ,united ,states may enter1  
may be offered for sale in1 and may     
remain in1 the customs territory of the 
,united ,states without the payment of  
duty1 except that--  7#a7 if the used   
yacht1 while in the customs territory of
 the ,united ,states1 is sold to a      
resident of the ,united ,states-- 7,a7  
entry of the used yacht shall be        
completed and duty shall be deposited   
with ,u4,s4 ,customs and ,border        
,protection within #ae days after the   
date on which the sale is completed2 and
  7,b7 any yacht broker or dealer       
involved in the sale shall collect the  
duty and remit the duty to ,u4,s4       
,customs and ,border ,protection within 
#ae days after the date on which the    
sale is completed2 and  7#b7 duty on the
 sale of a yacht described in paragraph 
7#a7 shall be calculated at the         
applicable rate provided under the      
,harmonized ,tariff ,schedule of the    
,united ,states and shall be based upon 
the value of the yacht at the time of   

sale4  7b7 ,no posting of bond ,no bond 
may be required to be posted1 upon entry
 of a used yacht into the customs       
territory of the ,united ,states1 for   
the duty otherwise payable on the entry 
of a used yacht to which subsection 7a7 
applies4  7c7 ,definition ,as used in   
this section1 the term used yacht means 
a vessel that has been sold1 before the 
vessel is brought into the customs      
territory of the ,united ,states1 by a  
manufacturer or dealer to a retail      
consumer and that is used primarily for 
recreation or pleasure4  7d7            
,regulations ,the ,commissioner         
responsible for ,u4,s4 ,customs and     
,border ,protection may issue such      
regulations as may be necessary to carry
 out this section4  4  7b7 ,relationship
 to ,harmonized ,tariff ,schedule       
,additional ,u4,s4 ,note #a to chapter  
#hi of the ,harmonized ,tariff ,schedule
 of the ,united ,states is amended by   
inserting 1 subject to section #dhd;b of
 the ,tariff ,act of #aicj 7#ai         

,u4,s4,c4 #adhd;b7 after payment of     
duty4  #b4 ,effective date ,the         
amendments made by section #a shall     
apply to vessels entering the customs   
territory of the ,united ,states on or  
after the #aeth day after the date of   
the enactment of this ,act4