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:
Douglas Zuvich | +1 (312) 665-1022 | firstname.lastname@example.org
Andrew Siciliano | +1 (631) 425-6057 | email@example.com
© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.