This bill retroactively applies the Generalized System of Preferences (a U.S. trade preference program that provides duty-free access to imports on products from certain developing countries) for the period after December 31, 2020, and before September 1, 2022. These covered articles shall be liquidated or reliquidated as though entry occurred on December 31, 2020.

A request for liquidation or reliquidation must be filed with U.S. Customs and Border Protection (CBP) and such request must contain sufficient information for CBP to locate the entry or, if the entry cannot be located, reconstruct the entry.

Any amounts owed by the United States pursuant to liquidation or reliquidation of an entry of a covered article shall be paid without interest.