118th Congress · SENATE BILLBILL

S. 2937 — Increasing American Ferrosilicon Production Act

“A bill to increase the rate of duty applicable to certain ferrosilicon produced in the Russian Federation or the Republic of Belarus and to require a domestic production assessment before increasing rates of duty applicable to products of the Russian Federation and the Republic of Belarus under the Suspending Normal Trade Relations with Russia and Belarus Act, and for other purposes.”

Foreign trade and international finance

Introduced Sep 27, 2023

Last action Sep 27, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 27, 2023

Step 2

Referred

Sep 27, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires certain actions related to trade with Russia and Belarus, including by requiring an increase in the rate of duty for certain types of ferrosilicon. (Ferrosilicon is an alloy of iron and silicon.) Specifically, the bill directs the President to proclaim an increase in the rate of duty applicable to ferrosilicon that is (1) classified under subheading 7202.21.50 of the Harmonized Tariff Schedule of the United States, and (2) produced in Russia or Belarus. This rate of duty shall be 35% ad valorem. Additionally, the bill extends through January 1, 2025, the authority of the President to proclaim increased rates of duty for all products of Russia or Belarus. (Currently, this...

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 27, 2023

Introduced in Senate

Sep 27, 2023

Read twice and referred to the Committee on Finance.