Leveling the Playing Field 2.0 Act

Protection for Domestic Industries during Successive Investigations: The bill requires the Commission to consider the condition of a domestic industry based on concurrent or recently completed investigations, ensuring that recent improvements in an industry's performance do not prevent a finding of material injury. (Section 101)

Addressing Cross-Border and Transnational Subsidies: The bill allows for the cumulation of subsidies provided by a government of a third country to assist production in the subject country, helping to address market distortions. (Section 201)

Accounting for Cost Distortions in Foreign Countries: The bill modifies the determination of normal value to allow the administering authority to use different calculation methodologies when a market situation distorts the costs of production. (Section 204)

Enhanced Circumvention Oversight: The bill modifies requirements for circumvention inquiries, including specific deadlines for preliminary and final determinations. (Section 301)

Countering Currency Undervaluation: The bill directs the administering authority to examine whether currency undervaluation by a government or public entity provides a countervailable subsidy. (Section 401)

New Requirements for Importers: Importers may be required to provide specific certifications to demonstrate that their merchandise or inputs are not subject to certain duties. (Section 302)

Financial Burdens on Nonresident Importers: Nonresident importers may be required to maintain assets in the United States sufficient to pay all potentially applicable duties, which must exceed the amount calculated using the highest rate of duty. (Section 304)

Penalties for Non-compliance: Nonresident importers who fail to maintain required assets can face civil penalties of $50,000 or 50 percent of the domestic value of the merchandise, depending on the value. (Section 304)

Increased Restrictions on Circumvention: The bill implements requirements that may include the suspension of liquidation and the collection of cash deposits for merchandise subject to circumvention inquiries. (Section 301)