From the NAM news release upon House passage Friday of H.R. 6406 and H.R. 6111, legislation that enacts key manufacturing priorities in energy, trade, health care and R&D.
“This legislation breaks new ground in providing relief to American’s consumers and industry,” NAM President John Engler said. “There is no question that our nation’s leadership depends upon manufacturing, and these bills will go far toward keeping factories running and jobs in America. It’s imperative the Senate follow suit and get a bill to the President’s desk.”
In particular, Engler commended action allowing access to domestic energy supplies in the Outer Continental Shelf (OCS). “Exploring the OCS is an important step toward a more abundant, flexible and affordable energy supply that is critical to a strong U.S. economy,” Engler said.
Turning to trade, Engler also praised inclusion of a number of key trade initiatives, including the Miscellaneous Tariff Bill (MTB), the Generalized System of Preferences (GSP) , the Andean Trade Preferences Act (ATPA) and Permanent Normal Trade Relations for Vietnam. “These are all crucial trade programs to U.S. manufacturers and our trade partners in the developing world,” he said.
Reuters highlights the trade provisions which passed the House later in the evening in this story, here.
And as a final note this evening, outgoing Ways & Means Chairman Bill Thomas, (R-CA), issued a news release upon passage of the trade provisions. The text is in the extended entry.
WASHINGTON — Today, the U.S. House of Representatives approved H.R. 6406, a bill addressing a number of trade issues, by a 212-184 vote.
The legislation continues ongoing U.S. humanitarian efforts by creating economic opportunity for developing countries through trade. It also extends permanent normal trade relations (PNTR) with Vietnam. Finally, the bill includes 500 thoroughly vetted tariff reductions on products that are not produced in the U.S. These tariff reductions help lower costs for U.S. manufacturers, retailers and consumers.
“This legislation will help to create stronger trading partners for the future, while also recognizing our responsibility as having one of the world’s strongest economies to help developing countries grow,” said Ways and Means Chairman Bill Thomas (R-CA). “It’s important to note that the Generalized System of Preferences extension applies the same rules to all countries equally. This will help ensure that the benefit is available to those that need it most.”
“Today’s vote also represents a significant milestone in our efforts to mend the wounds of one of the most divisive conflicts in our nation’s history,” said Ways and Means Committee Chairman Bill Thomas (R-CA). “Granting PNTR status to Vietnam will help complete the process of reconciliation and foster a new relationship through mutual economic prosperity.”
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