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House passes American Manufacturing Competitiveness Act of 2016
Story Date: 5/2/2016
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Source: US HOUSE AG COMMITTEE, 4/29/16
Lastly, the House passed H.R. 4923, the American Manufacturing Competitiveness Act of 2016, which would create a process for the submission of petitions for temporary duty suspensions and reductions to the International Trade Commission (ITC) for Congress to consider for inclusion in a miscellaneous tariff bill (MTB). This bill would also require the ITC to submit a report to Congress no later than twelve months after the enactment of an MTB on the effects on the U.S. economy of duty suspensions and reductions enacted pursuant to this Act as well as make recommendations with respect to those industries that might benefit from permanent duty suspensions and reductions.
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