The potential for a government shutdown continues as the September 30th deadline for lawmakers to compromise on bills and budgets for fiscal year 2024 quickly approaches. Alternatively, a continuing resolution could also be put in place by Congress to temporarily extend government funding and avoid the shutdown. If a resolution is not agreed upon by September 30th, a government shutdown will go into effect October 1, 2023. If a government shutdown occurs, KRIEGER Worldwide clients should be prepared for disruptions to their trade operations.
Expected Impacts:
A government shutdown will likely disrupt import activities including the halt of tariff exclusion request processing, antidumping duty and countervailing duty investigations, and other regulatory and administrative activities according to Venable LLP. Customs Border Patrol is expected to continue normal operations at U.S. Ports. Partner Government Agencies such as the U.S. Food and Drug Administration and the U.S. Environmental Protections Agency may also be impacted by the government shutdown resulting in slower clearance of shipments subject to review. The Federal Maritime Commission is expected to suspend nearly all activities as a result of the government shutdown and operate with minimal staff.
If you have questions regarding the impacts of the potential government shutdown please reach out to your KRIEGER Worldwide representative.
