GSP is currently set to expire on December 31, 2017. The GSP program has expired twice since December of 2010, and in each instance Importers had to pay full duties while GSP was lapsed (refund processes were put in place when renewed in the past). Senate Finance Committee Democrats and House Ways and Means Republicans have floated the idea of advancing packaged legislation including GSP renewal with a miscellaneous tariff bill (MTB) or African Growth and Opportunity Act-related bill before the end of 2017.

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