U.S. House Bill Would Reinstate Tariff on Imported Ethanol

摘要

U.S. Rep. Charles Rangel (D-N.Y.) on June 27 introduced legislation that would reinstate and extend the additional duty on ethanol, further protecting the U.S. ethanol market from foreign importers. According to text of the proposed legislation, the bill aims to amend Heading 9901.00.50 of the Harmonized Tariff Schedule of the U.S. by changing the effective period of the provision from before Jan. 1, 2012, to before Jan. 1, 2016, – which would effectively reinstate and extend the 14.27￠-per-liter (54￠-per-gallon) duty on imported ethanol and ethanol blended fuels through the end of 2015.