NCBFAA Says Bankruptcy Provision for Brokers Will Go Through March
The National Customs Brokers & Forwarders Association of America told its members that the law that spares brokers' pass-through payments of tariffs from bankruptcy claw-backs won't expire at the end of the year, as originally planned. It said that Congress…
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is expected to pass a three-month extension of several bankruptcy provisions, including what NCBFAA calls the Customs Business Fairness Act. “We need to push now more than ever to get co-sponsors for the CBFA bill to show support for a permanent solution,” NCBFAA legislative counsel Nicole Bivens Collinson said.