Industry News
Trade Continues to be an Active Topic in Congress
TweetMay 19, 2010
Despite the relatively congested congressional agenda, key members of both the House and Senate are continuing to push a number of trade related measures on the Hill, including customs reauthorization, trade preference program reform, and the miscellaneous tariff bill.
Customs Reauthorization: The
Trade Preferences: The Chairman and Ranking Member of the Senate Finance Committee have been working together on legislation to substantially reform
Miscellaneous Tariff Bill (MTB): Although the House Republican’s self-imposed ban on earmarks has been interpreted to include duty suspensions, Republicans and Democrats alike are hopeful that they will find a way to move the bill forward. House Ways and Means Trade Subcommittee Chairman Kevin Brady (R-TX), is on record as saying the ban should not apply to the MTB, but is still withholding his support from the bill due to the Republican leadership’s directive on earmarks. Meanwhile, Democrats are unwilling to push the measure forward without at least some Republican support.
Free Trade Agreements (FTAs): Pending FTA’s with