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This bill amends the Harmonized Tariff Schedule to temporarily suspend tariffs on bicycle parts and components imported for assembly or manufacturing into complete bicycles in the United States. The duty-free treatment applies to specified bicycle parts for a 10-year period and requires importers to certify that parts will be used in U.S. bicycle assembly or manufacturing. The bill directs the International Trade Commission to report within 5 years on whether the tariff suspension has contributed to meeting production goals of 2 million bicycles annually within 5 years and 5 million annually within 10 years.
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