Trade Cheating Restitution Act of 2025
Summary
The Trade Cheating Restitution Act of 2025 amends the Trade Facilitation and Trade Enforcement Act of 2015. It modifies the description of interest for distributions of antidumping and countervailing duties. The bill authorizes a special distribution of these amounts to eligible recipients.
Expected Effects
This act will change the timeframe for interest calculations related to antidumping and countervailing duties. It will also provide a one-time special distribution of these funds. This will impact businesses that previously received distributions under the Continued Dumping and Subsidy Offset Act of 2000.
Potential Benefits
- Provides a special distribution of interest to those who previously received distributions under the Continued Dumping and Subsidy Offset Act of 2000.
- May offer financial relief to businesses affected by unfair trade practices.
- Clarifies the timeframe for interest calculations, potentially simplifying the distribution process.
- The distribution process is transparent, as it requires a general notice in the Federal Register.
- Uses existing funds from the "Refund of Moneys Erroneously Received and Covered" account, avoiding new appropriations.
Most Benefited Areas:
Potential Disadvantages
- Eligibility is limited to those who previously received distributions under the Continued Dumping and Subsidy Offset Act of 2000, potentially excluding other affected parties.
- The special distribution is a one-time event, offering only temporary relief.
- The act relies on the Commissioner of U.S. Customs and Border Protection to determine timely filing and eligibility, which could introduce administrative hurdles.
- The distribution timeline has specific deadlines, which could create challenges for recipients to meet certification requirements.
- The act does not address the underlying issues of trade cheating, focusing solely on restitution.
Constitutional Alignment
The bill appears to align with the Commerce Clause (Article I, Section 8, Clause 3) of the U.S. Constitution, which grants Congress the power to regulate commerce with foreign nations. By addressing antidumping and countervailing duties, the act aims to ensure fair trade practices. It does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).