SB2937: Increasing American Ferrosilicon Production Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to increase the rate of duty applicable to certain ferrosilicon produced in the Russian Federation or the Republic of Belarus and to require a domestic production assessment before increasing rates of duty applicable to products of the Russian Federation and the Republic of Belarus under the Suspending Normal Trade Relations with Russia and Belarus Act, and for other purposes.
Plain-language summary
This bill would raise import taxes (called duties) on ferrosilicon—a metal mixture used in steel and other manufacturing—that comes from Russia or Belarus. It also requires the government to study whether America can produce enough ferrosilicon domestically before raising taxes on other Russian and Belarusian products under existing trade penalty laws. Ferrosilicon is used mainly in industrial manufacturing. The bill was introduced in Congress but has not yet been assigned to a for review.
AI-generated summary
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SB2937: Increasing American Ferrosilicon Production Act
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Sponsors
Sherrod Brown
Primary SponsorCo-sponsors (3)
Tommy Tuberville
Robert Menendez
Shelley Capito