The U.S. House of Representatives recently passed H.R. 4923, the American Manufacturing Competitiveness Act. The Washington-based National Council of Textile Organizations (NCTO) endorsed the bill, which was passed in the house by a vote of 415-2. H.R. 4923 impacts the process by which Congress will consider future Miscellaneous Tariff Bill (MTB) legislation (See “2016 State Of The U.S. Textile Industry,” TW, this issue). Using the MTB, Congress can temporarily suspend or reduce tariffs on certain imported products not made in the United States, which can help U.S. manufacturers remain competitive.
“We thank the House for passing this bill and urge the Senate to take it up immediately,” said Augustine Tantillo, president and CEO, NCTO. “It is crucial for the Senate to move quickly so that the long-stalled MTB process can be restarted. The MTB is essential to American competitiveness as U.S. textile manufacturers reinvest the duty savings to boost jobs and innovation.”
May/June 2016
