Statutory Notes and Related Subsidiaries
Agriculture Wool Apparel Manufacturers Trust FundPub. L. 113–79, title XII, § 12315,Feb. 7, 2014,128 Stat. 995, as amended byPub. L. 115–334, title XII, § 12603,Dec. 20, 2018,132 Stat. 5005;Pub. L. 118–22, div. B, title I, § 102(d)(8)(B),Nov. 17, 2023,137 Stat. 118;Pub. L. 119–21, title I, § 10607(d),July 4, 2025,139 Stat. 111, provided that:
“(a) Establishment of Trust Fund.—There is established in the Treasury of the
United States a trust fund to be known as the ‘Agriculture
WoolApparel Manufacturers Trust Fund’ (in this section referred to as the ‘Trust Fund’), consisting of such amounts as may be transferred to the Trust Fund pursuant to subsection (f), and to be used for the purpose of reducing the injury to domestic manufacturers resulting from tariffs on
woolfabric that are higher than tariffs on certain apparel articles made of
woolfabric.
“(b) Distribution of Funds.—“(1) In general.—From amounts in the Trust Fund, theSecretary [of Agriculture] may make payments annually beginning in calendar year 2014 for calendar years 2010 through 2031 as follows: “(2) Submission of affidavits.—An affidavit required by paragraph (1)(A) shall be submitted to the
Secretary, or as directed by the
Secretary, and not later than March 1.
“(c) Payment of Amounts.—The
Secretary shall make payments to eligible manufacturers and successors-in-interest described in paragraphs (1) and (2) of subsection (b) not later than April 15 of the year of the payment.
“(d) Memoranda of Understanding.—The
Secretary [of Agriculture] shall, as soon as practicable after the date of the enactment of this Act [
Feb. 7, 2014], negotiate memoranda of understanding with the Commissioner responsible for U.S. Customs and Border Protection and the
Secretary of Commerce to establish procedures pursuant to which the Commissioner and the
Secretary of Commerce will assist in carrying out the provisions of this section.
“(e) Increase in Payments in the Event of Expiration of Duty Suspensions.—“(1) In general.—In any calendar year in which the suspension of duty on
wool fabrics provided for under headings 9902.51.11, 9902.51.13, 9902.51.14, 9902.51.15, and 9902.51.16 of the Harmonized Tariff Schedule of the
United States are not in effect, the amount of any payment described in subsection (b)(1) to a manufacturer or successor-in-interest shall be increased by an amount the
Secretary[of Agriculture], after consultation with the
Secretary of Commerce, determines is equal to the amount the manufacturer or successor-in-interest would have saved during the calendar year of the payment if the suspension of duty on
woolfabrics were in effect.
“(2) No appeal of determinations.—A determination of the
Secretary under this subsection shall be final and not subject to appeal or protest.
“(f) Funding.—“(1) In general.—Of the funds of theCommodity Credit Corporation, the Secretaryshall transfer to the Trust Fund for each of calendar years 2014 through 2031 an amount equal to the lesser of—“(A) the amount the
Secretary determines to be necessary to make payments required by this section in that calendar year; or
“(2) Availability.—Amounts transferred to the Trust Fund under paragraph (1) shall remain available until expended.”
Wool Research and PromotionPub. L. 113–79, title XII, § 12316,Feb. 7, 2014,128 Stat. 997, as amended byPub. L. 115–334, title XII, § 12604,Dec. 20, 2018,132 Stat. 5006;Pub. L. 118–22, div. B, title I, § 102(d)(8)(C),Nov. 17, 2023,137 Stat. 118; ;Pub. L. 119–21, title I, § 10607(e),July 4, 2025,139 Stat. 111, provided that:
“(b) Authorization to Distribute Unexpended Balance.—In addition to funds made available under subsection (a) and notwithstanding subsection (f) of section 506 of the
Trade and Development Act of 2000 (
7 U.S.C. 7101 note), the
Secretarymay use any unexpended balances remaining in the Wool
Research, Development, and
PromotionTrust Fund established under that section as of
December 31, 2014, to provide grants described in subsection (d) of that section.”
Wool Research, Development, and Promotion Trust FundPub. L. 106–200, title V, § 506,May 18, 2000,114 Stat. 303, as amended byPub. L. 107–210, div. E, title L, § 5102(c)(2),Aug. 6, 2002,116 Stat. 1047;Pub. L. 108–429, title IV, § 4002(c)(5),Dec. 3, 2004,118 Stat. 2603;Pub. L. 109–280, title XIV, § 1633(b)(2),Aug. 17, 2006,120 Stat. 1166;Pub. L. 110–343, div. C, title III, § 325(b)(2),Oct. 3, 2008,122 Stat. 3875, provided that:
“(a) Establishment.—There is hereby established within the Treasury of the
United States a trust fund to be known as the Wool
Research, Development, and
PromotionTrust Fund (hereafter in this section referred to as the ‘Trust Fund’), consisting of such amounts as may be transferred to the Trust Fund under subsection (b)(1) and any amounts as may be credited to the Trust Fund under subsection (c)(2).
“(b) Transfer of Amounts.—“(1) In general.—The
Secretary of the Treasury shall transfer to the Trust Fund out of the general fund of the Treasury of the
United States amounts determined by the
Secretaryof the Treasury to be equivalent to the amounts received into such general fund that are attributable to the duty received on articles under chapters 51 and 52 of the Harmonized Tariff Schedule of the
United States [see Publication of Harmonized Tariff Schedule note set out under
section 1202 of Title 19, Customs Duties], subject to the limitation in paragraph (2).
“(2) Limitation.—The
Secretary shall not transfer more than $2,250,000 to the Trust Fund in any fiscal year.
“(3) Transfers based on estimates.—The amounts required to be transferred under paragraph (1) shall be transferred at least quarterly from the general fund of the Treasury of the
United States to the Trust Fund on the basis of estimates made by the
Secretaryof the Treasury of the amounts referred to in paragraph (1) that are received into the Treasury. Proper adjustments shall be made in the amounts subsequently transferred to the extent prior estimates were in excess of, or less than, the amounts required to be transferred.
“(c) Investment of Trust Fund.—“(1) In general.—It shall be the duty of the
Secretary of the Treasury to invest such portion of the Trust Fund as is not, in the
Secretary’s judgment, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the
United States or in obligations guaranteed as to both principal and interest by the
United States. For such purpose, such obligations may be acquired on original issue at the issue price or by purchase of outstanding obligations at the market price. Any obligation acquired by the Trust Fund may be sold by the
Secretaryof the Treasury at the market price.
“(2) Interest and proceeds from sale or redemption of obligations.—The interest on, and the proceeds from the sale or redemption of, any obligations held in the Trust Fund shall be credited to and form a part of the Trust Fund.
“(d) Availability of Amounts from Trust Fund.—From amounts available in the Trust Fund (including any amounts not obligated in previous fiscal years), theSecretary of Agriculture is authorized to provide grants to a nationally-recognized council established for the development of theUnited States woolmarket for the following purposes: “(e) Reports to Congress.—The
Secretary of the Treasury, in consultation with the
Secretary of Agriculture, shall prepare and submit to
Congress an annual report on the financial condition and the results of the operations of the Trust Fund, including a description of the use of amounts of grants provided under subsection (d), during the preceding fiscal year and on its expected condition and operations during the next fiscal year.
“(f) Sunset Provision.—Effective
January 1, 2015, the Trust Fund shall be abolished and all amounts in the Trust Fund on such date shall be transferred to the general fund of the Treasury of the
United States.”