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Port Security Trust Fund News

23 Jul 2002

U.S. Port Security Fee Scheme

During a meeting of the Conference Committee that is attempting to draft a unified U.S. Port Security Fee be assessed to fund various port security initiatives. $1 per metric ton of other cargo. Based on calendar year 2000 data, this would collect approximately $692 million each year. The monies, to be collected by the Customs Service, would be deposited in a new Port Security Trust Fund. be allocated to ports for security enhancements. Of the remainder, 25 percent would be set aside for discretionary grants for protection of miscellaneous maritime assets and for shipper security programs and the other 25 percent would be available to generic security programs at the Maritime Administration, TSA, Customs, and the Coast Guard.

15 Aug 2002

Proposed Port Security Infrastructure Improvement Program

included in the Port and Maritime Security legislation that is currently under consideration. This is a 'fleshed-out' and somewhat amended version of his earlier barebones proposal. fee on shippers of cargoes into or out of the United States in various amounts depending upon what was being shipped. The monies collected would go into a Port Security Trust Fund to pay for various port security expenditures. Similar fees would be imposed on cargoes entering the United States through Canada and Mexico. Sixty percent of the monies would be used to provide financial assistance to port authorities or waterfront facility operators to address identified vulnerabilities. Eighteen percent would be available for competitive grants to address security requirements.

18 Sep 2002

Port Safety Pays … and its Costs

Is it a "user fee" or is it a tax? Senator Hollings (D-SC) has formally proposed to the Conference Committee that a Port Security Infrastructure Improvement Program be included in the Port and Maritime Security legislation that is currently under consideration. This is a 'fleshed-out' and somewhat amended version of his earlier barebones proposal. The Program, if adopted, would impose a fee on shippers of cargoes into or out of the United States in various amounts depending upon what was being shipped. The monies collected would go into a Port Security Trust Fund to pay for various port security expenditures. Similar fees would be imposed on cargoes entering the United States through Canada and Mexico.