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Petition for the Imposition of Antidumping and Countervailing Duties on Certain Hardwood Plywood Products from the People’s Republic of China filed November 18, 2016

I. Type of Action: Antidumping Duty (“AD”): People’s Republic of China; Countervailing Duty (“CVD”) : People’s Republic of China

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SEC Reconsidering “Conflict Minerals Rule”

In January 31, 2017 public statements, Acting SEC Chairman Michael S. Piwowar addressed both the overall future of the SEC’s “Conflict Minerals Rule” as well as a technical issue under the rule.

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CHANGES TO THE RECONCILIATION PROGRAM SET FOR JANUARY 2017

Significant changes to the Reconciliation Entry Program are scheduled to soon take effect. Included among these changes are the elimination of blanket entry flagging, a simplification of the application process and changes to the reconciliation transmission procedures. It is imperative that importers and their customs brokers utilizing the reconciliation program understand the impact of these changes in advance of their implementation.

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United States Officially Withdraws from the Trans-Pacific Partnership Agreement (“TPP”)

Making good on a campaign pledge, President Trump today signed an Executive Order withdrawing the U.S. from the TPP process, the marquee trade initiative of the prior administration.

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Senate Proposed Terrorism Art and Antiquity Revenue Protection Act of 2016

The Terrorism Art and Antiquity Revenue Prevention Act of 2016 (TAAR Act) was recently introduced into Congress. The proposed legislation is intended to prevent ISIS stolen antiquities from being trafficked into the United States. However, as written, the new law would have broad impact on the criminal enforcement of all cultural property regardless of origin. 

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