WeVote
Log In

Bill

Bill

S 1291

Relates to the appointment of a special independent counsel

2025 Regular Session Introduced by Jeremy Cooney

Tightens governance and enforcement in Free Trade Zones to curb abuses and evasion, boosting reporting, penalties, and oversight for operators, importers, and agencies.

REFERRED TO FINANCE
0
WeVote Research Nonpartisan
Bill Summary · S 1291

Summary of S 1291 – CLEAN FTZ Act of 2025

Overview

  • Bill number: S 1291
  • Title: CLEAN FTZ Act of 2025 (Containing and Limiting the Extensive Abuses Noticed in Free Trade Zones Act of 2025)
  • Status: Introduced in the Senate
  • Introduced: April 3, 2025
  • Primary sponsor: Bill Cassidy
  • Cosponsor: Sheldon Whitehouse
  • Committee referral: Read twice and referred to the Senate Committee on Finance (as of introduction)

Purpose and intent

The bill’s title indicates a focus on “containing and limiting extensive abuses noticed in Free Trade Zones.” While the specific provisions are not provided in the summary here, the objective signals an effort to tighten governance, oversight, and compliance within Free Trade Zones (FTZs) to curb improper use or evasion. The bill would be processed through the Senate Committee on Finance, suggesting potential fiscal, taxation, or trade-related implications stemming from FTZ operations.

Key provisions (not available in the provided text)

  • The exact statutory changes are not included in the information available. Once the full text is published, a detailed section-by-section summary would cover:
    • Eligibility and administration of Free Trade Zones
    • Compliance, reporting, and recordkeeping requirements for FTZ operators
    • Penalties or remedies for abuses or evasion
    • Oversight, audits, and enforcement mechanisms
    • Any changes to tariff treatment, duties, or revenue collection related to FTZ activity
    • Coordination with federal agencies responsible for trade, customs, or taxation

Note: The above potential areas are typical of FTZ reform proposals but should be confirmed by reviewing the actual text of the introduced bill.

Affected parties

  • Operators and managers of Free Trade Zones
  • Importers and businesses utilizing FTZs
  • Employees and service providers operating within FTZs
  • Federal agencies involved in trade, customs, and tax administration
  • Taxpayers and the broader supply-chain ecosystem relying on FTZ incentives

Procedural and timeline aspects

  • Introduction date: April 3, 2025
  • Initial actions: Read twice and referred to the Committee on Finance
  • Next steps: The bill would move through committee consideration, potential amendments, and, if advanced, floor debate and voting in the Senate. Any changes or passage would then require consideration by the House (and potential reconciliation) or further legislative action.

Notes

  • The summary above reflects the information provided. For a complete understanding, the full text of the introduced bill and any subsequent committee reports or amendments should be consulted.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.