Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Extension of the Caribbean Basin Economic Recovery Act. 19 USC 2701 note.>>
This Act may be cited as the ``Extension of the Caribbean Basin Economic Recovery Act''.
Section 213 of the Caribbean Basin Economic Recovery Act (19 U.S.C. 2703) is amended as follows: (1) Extension for certain knit apparel articles.--In clause (iii) of subsection (b)(2)(A)-- (A) in subclause (II)(cc), by striking ``September 30, 2020'' and inserting ``September 30, 2030''; and (B) in subclause (IV)(dd), by striking ``September 30, 2020'' and inserting ``September 30, 2030''. (2) Extension of limitation with respect to certain other apparel articles.--In clause (iv)(II) of such subsection, by striking ``18'' and inserting ``28''. (3) Extension of transition period.--In subsection (b)(5)(D)(i), by striking ``September 30, 2020'' and inserting ``September 30, 2030''.
(a) In General.--Section 13031(j)(3) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)) is amended-- (1) in subparagraph (A), by striking ``September 30, 2029'' and inserting ``October 21, 2029''; and (2) in subparagraph (B)(i), by striking ``September 30, 2029'' and inserting ``October 21, 2029''.
(b) Rate for Merchandise Processing Fees.--Section 503 of the United States-Korea Free Trade Agreement Implementation Act (Public Law 112-41; 19 U.S.C. 3805 note) is amended by striking ``September 30, 2029'' and inserting ``October 21, 2029''.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled ``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for printing in the
Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.
Approved October 10, 2020.
LEGISLATIVE HISTORY--H.R. 991: ---------------------------------------------------------------------------
CONGRESSIONAL RECORD, Vol. 166 (2020): Sept. 22, considered and passed House. Sept. 30, considered and passed Senate.
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