S. 4729 — Introduced in Senate

II 116th CONGRESS 2d Session S. 4729 IN THE SENATE OF THE UNITED STATES September 24, 2020Mr. Grassley introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To extend the Generalized System of Preferences, and for other purposes. 1. Extension of Generalized System of Preferences Section 505 of the Trade Act of 1974 (19 U.S.C. 2465) is amended by striking December 31, 2020 and inserting April 30, 2022. 2. Customs user fees (a) In general Section 13031(j)(3) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)) is amended— (1) in subparagraph (A), by striking September 30, 2029 and inserting November 18, 2029; and (2) in subparagraph (B)(i), by striking September 30, 2029 and inserting November 18, 2029. (b) Rate for merchandise processing fees Section 503 of the United States–Korea Free Trade Agreement Implementation Act (Public Law 112–41; 19 U.S.C. 3805 note) is amended by striking September 30, 2029 and inserting November 18, 2029.