Trade Cheating Restitution Act of 2026 | ChamberLight
Bills · HR 7373
IN COMMITTEE· 119TH CONGRESS
House BillHR 7373Foreign Trade and International Finance
Trade Cheating Restitution Act of 2026
INTRO FEB 4· LAST ACTION FEB 4
READING
3MIN
COSPONSORS
3
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
This bill matters because it seeks to provide additional financial relief to American industries that have been hurt by unfair competition from imported goods. By extending the period for which interest on special import taxes (antidumping and countervailing duties) can be distributed, and by authorizing a special one-time payout of these accumulated funds, it could inject significant money into specific sectors of the U.S. economy.
If this bill becomes law, eligible U.S. businesses could receive payments they otherwise would not, potentially helping them recover from past losses. If it doesn't pass, this accumulated interest would remain undistributed to these businesses. This connects to broader discussions about protecting American industries from foreign trade practices and ensuring fair competition.
KEY PROVISIONS
4AI-extracted
PROVISION 01
Changes the start date for interest eligible for distribution from October 1, 2014, to October 1, 2000.
This significantly expands the pool of interest money available for distribution to affected U.S. companies.
PROVISION 02
Authorizes a special, one-time distribution of all accumulated interest from antidumping and countervailing duties collected between October 1, 2000, and the bill's enactment.
This ensures that the newly available funds are actually paid out to eligible businesses rather than remaining undistributed.
PROVISION 03
Specifies that only businesses that previously received payments under the Continued Dumping and Subsidy Offset Act of 2000 (Byrd Amendment) are eligible for this special distribution.
This targets the funds to a specific group of companies already identified as having been harmed by unfair trade.
PROVISION 04
Sets two deadlines for the distribution of funds: within 210 days for interest collected since October 1, 2010, and within 210 days *after* that for interest collected between October 1, 2000, and September 30, 2010.
This creates a clear timeline for the government to process and distribute the funds, providing certainty to potential recipients.
This bill matters because it seeks to provide additional financial relief to American industries that have been hurt by unfair competition from imported goods. By extending the period for which interest on special import taxes (antidumping and countervailing duties) can be distributed, and by authorizing a special one-time payout of these accumulated funds, it could inject significant money into specific sectors of the U.S. economy.
If this bill becomes law, eligible U.S. businesses could receive payments they otherwise would not, potentially helping them recover from past losses. If it doesn't pass, this accumulated interest would remain undistributed to these businesses. This connects to broader discussions about protecting American industries from foreign trade practices and ensuring fair competition.
KEY PROVISIONS
AI-extracted
high
Changes the start date for interest eligible for distribution from October 1, 2014, to October 1, 2000.
This significantly expands the pool of interest money available for distribution to affected U.S. companies.
high
Authorizes a special, one-time distribution of all accumulated interest from antidumping and countervailing duties collected between October 1, 2000, and the bill's enactment.
This ensures that the newly available funds are actually paid out to eligible businesses rather than remaining undistributed.
med
Specifies that only businesses that previously received payments under the Continued Dumping and Subsidy Offset Act of 2000 (Byrd Amendment) are eligible for this special distribution.
This targets the funds to a specific group of companies already identified as having been harmed by unfair trade.
med
Sets two deadlines for the distribution of funds: within 210 days for interest collected since October 1, 2010, and within 210 days *after* that for interest collected between October 1, 2000, and September 30, 2010.
This creates a clear timeline for the government to process and distribute the funds, providing certainty to potential recipients.
Not later than 210 days after the date of enactment of this Act.
Distribution of interest realized on or after October 1, 2010.
Not later than 210 days after the distribution of interest from the later period (on or after Oct 1, 2010).
Distribution of interest realized on or after October 1, 2000, and on or before September 30, 2010.
GLOSSARY
AI-written
Antidumping duties
Special import taxes placed on foreign goods sold in the U.S. at prices below their fair market value or below their production cost, harming U.S. industries.
Countervailing duties
Special import taxes placed on foreign goods that receive unfair financial support or subsidies from their home governments, giving them an unfair advantage over U.S. producers.
Pro rata
In proportion to the share or amount each person or group has, meaning funds would be divided based on their recognized share of harm.
Trade Facilitation and Trade Enforcement Act of 2015
A law aimed at making trade easier and enforcing U.S. trade laws more effectively, including collecting and distributing certain duties.
Continued Dumping and Subsidy Offset Act of 2000 (Byrd Amendment)
A former U.S. law that directed money collected from antidumping and countervailing duties to be distributed to U.S. companies injured by unfair trade practices. It was repealed in 2006.
Federal Register
The official daily publication of the U.S. government that announces proposed and final regulations, public notices, and other government documents.
U.S. Customs and Border Protection (CBP)
ACTION TIMELINE
2 EVENTS
FEB 4
Introduced in House
INTROREFERRAL
FEB 4
Referred to the House Committee on Ways and Means.
A federal law enforcement agency within the Department of Homeland Security responsible for regulating and facilitating international trade, collecting import duties, and enforcing U.S. regulations.
