FRAUD AND RECOVERY OF OVERPAYMENTS.

SEC. 1855. FRAUD AND RECOVERY OF OVERPAYMENTS. Section 243(a)(1) of the Trade Act of 1974 (19 U.S.C. 2315(a)(1)) is amended—(1) in the matter preceding subparagraph (A)—(A) by striking “may waive” and inserting “shall waive”; and(B) by striking “, in accordance with guidelines prescribed by the Secretary,”; and(2) in subparagraph (B), by striking “would be contrary to equity and good conscience” and inserting “would cause a financial hardship for the individual (or the individual’s household, if applicable) when taking into consideration the income and resources reasonably available to the individual (or household) and other ordinary living expenses of the individual (or household)”.