The Bureau of Industry and Security (BIS) of the U.S. Commerce Department today released for publication in the Federal Register a notice requesting public comments and public hearing on section 232 of the Trade Expansion Act of 1962, to determine the effects on the national security of imports of steel. Comments must be received by May 31, 2017.
Read the BIS notice [PDF 178 KB]
BIS is particularly interested in comments and information including the following:
On April 19, 2017, the Secretary of Commerce initiated an investigation under section 232 of the Trade Expansion Act of 1962, to determine the effects on the national security of imports of steel. On April 20, 2017, the president signed a memorandum directing the secretary to proceed expeditiously in conducting his investigation and submit a report on his findings to the president. The president further directed that if the secretary finds that steel is being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security, the secretary must recommend actions and steps that must be taken to adjust steel imports so that they will not threaten to impair the national security. Read TaxNewsFlash-Trade & Customs
For more information, contact a professional with KPMG’s Trade & Customs practice:
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