2 votes

Explain this bill to me ... PLEASE

Why did Dr. Paul introduce this bill ... what was the purpose?

Why would you suspend the tariff like this ?

IV. Estimated effect on customs revenue
Subject product HTS subheading(s) 2846.90.80
Item 2013 2014 2015 2016 2017
Col.1-general rate of duty or
percentage point reduction (%) 3.7 3.7 3.7 3.7 3.7
Estimated value of dutiable imports ($) 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000
Customs revenue loss ($) 1,110,000 1,110,000 1,110,000 1,110,000 1,110,000

112TH CONGRESS
2D SESSION H. R. 5627
To extend the temporary suspension of duty on lutetium oxide.
IN THE HOUSE OF REPRESENTATIVES
MAY 8, 2012
Mr. PAUL introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To extend the temporary suspension of duty on lutetium
oxide.
1 Be it enacted by the Senate and House of Representa2
tives of the United States of America in Congress assembled,
3 SECTION 1. LUTETIUM OXIDE.
4 (a) IN GENERAL.—Heading 9902.10.78 of the Har5
monized Tariff Schedule of the United States (relating to
6 lutetium oxide) is amended by striking the date in the ef7
fective period column and inserting ‘‘12/31/2015’’.
8 (b) EFFECTIVE DATE.—The amendment made by
9 subsection (a) applies to goods entered, or withdrawn from
VerDate Mar 15 2010 01:57 May 12, 2012 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5627.IH H5627 tjames on DSK6SPTVN1PROD with BILLS
2
•HR 5627 IH
1 warehouse for consumption, on or after the 15th day after
2 the date of the enactment of this Act.
Æ
VerDate Mar

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and by the way...

It is to continue a suspension already in place.

Why did Ron Paul support a

Why did Ron Paul support a tax cut?

Ventura 2012

The use stated in bill

Lutetium oxide, imported primarily from France and secondarily from China, is used to produce
scintillator detector crystals that are used in PET scanners for medical imaging.

http://www.usitc.gov/tariff_affairs/documents/bill_reports/1...

Commercial interest?

Because of the rarity and high price, lutetium has very few commercial uses. However, stable lutetium can be used as catalysts in petroleum cracking in refineries and can also be used in alkylation, hydrogenation, and polymerization applications. ~wiki

Free includes debt-free!

reedr3v's picture

Anybody up on this

?