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On April 17, 2015, a bipartisan group of Representatives introduced H.R. 1891, a Bill “To extend the African Growth and Opportunity Act, the Generalized System of Preferences, the preferential duty treatment program for Haiti, and for other purposes.” The bill would extend the African Growth and Opportunity Act (AGOA), which is scheduled to expire on September 30, 2015, until September 30, 2025. The bill will reinstate the Generalized System of Preferences (GSP) program which expired on July 31, 2013, until December 31, 2017 with retroactive treatment (without interest) for goods that would have qualified under the law as it existed prior to its expiration, provided a request (meeting the identification requirements in the bill) is filed with Customs and Border Protection not later than 180 days after enactment. The Haitian preference program is also extended until September 30, 2025. In order to pay for the extensions, the expiration of the merchandise processing fee would be extended from June 30, 2021 until June 30, 2025. There would also be user fee adjustments and internal revenue estimated payment adjustments. |
