OMB Reviewing Commerce Rule on Steel Import Licenses
The Office of Management and Budget is now reviewing a Commerce Department proposal to modify its Steel Import Monitoring and Analysis system to require import license applicants to identify the country where steel used in the manufacture of an imported…
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steel product was melted and poured. The proposal would prevent transshipment of steel products to take advantage of exemptions from Section 232 tariffs for Canada and Mexico, Commerce has said. OMB reviews of regulations are limited to 90 days, extendable by another 30, and may end with approval of the rule for publication.