There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/11/2002)

Amends the Harmonized Tariff Schedule of the United States concerning clocks, watches, and parts thereof that are products of U.S. insular possessions.

Extends and revises the incentive certificate program through calendar year 2015.

Authorizes the refund of duties collected on jewelry if the Secretary of the Treasury determines there is an insufficient level of duties from watch and watch-related tariffs. Treats jewelry assembled in the Virgin Islands, Guam, or American Samoa as a product of such possessions, as specified.