Amends the Harmonized Tariff Schedule of the United States to extend the temporary duty suspensions on certain cotton shirting fabrics.
Amends the Tax Relief and Health Care Act of 2006 to require the Secretary of the Treasury to transfer from the Treasury to the Pima Cotton Trust Fund amounts equal to the duties received in the Treasury from certain imported woven fabrics of cotton since January 1, 2004. Extends the authority of the Secretary to make transfers to the Trust Fund for certain annual distributions (duty refunds) to U.S. manufacturers who certify by affidavit to have used such imported cotton in the manufacture of cotton shirts.
Requires annual affidavits from shirting manufacturers and from yarn spinners.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S10962)
Read twice and referred to the Committee on Finance.
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