The U.S. Senate passed the American Manufacturing Competitiveness Act of 2016 by unanimous consent, following the passage of an identical bill by the House of Representatives (H.R. 4923). President Barack Obama signed the bill into law on May 20. Endorsed by the National Council of Textile Organizations (NCTO), the legislation reforms the process by which Congress will consider future Miscellaneous Tariff Bill (MTB) legislation. Through the MTB, Congress temporarily suspends or reduces tariffs on certain imported products not made in the U.S. to help American manufacturers reduce costs, create jobs, and compete in the global marketplace.
American Manufacturing Competitiveness Act is law
Industry News, News | July 5, 2016 | By: ATA
You might also like...
Former longtime SP Associates owner Gabe Hill dies
Jones Family of Companies announces growth, new developments
FabricLink Network announces development of The Textile Gateway
DITF and VRETENA win Cellulose Fiber Innovation of the Year 2024 Award
New DHS textile enforcement plan cracks down on illicit trade
Anthony Pappalardo joins Herculite as regional sales manager for shade products