S.691

Leveling the Playing Field 2.0 Act amends antidumping and countervailing duty laws to address market distortions and circumvention.

The Leveling the Playing Field 2.0 Act amends the Tariff Act of 1930 to improve the administration of antidumping and countervailing duty laws. It defines "particular market situation" as a circumstance that distorts costs of production or prevents proper price comparison. The Act allows the administering authority to consider multiple countries for such situations. It modifies the definition of "ordinary course of trade" to include insufficient foreign like products. The Act also addresses currency undervaluation, cross-border subsidies, and requires nonresident importers to maintain U.S.