Washington, DC - The U.S. House of Representatives is scheduled to consider important legislation to support thousands of U.S. manufacturing jobs this week. H.R. 4380, the U.S. Manufacturing Enhancement Act of 2010, contains hundreds of tariff suspensions and reductions that will help American companies manufacture and sell goods to continue growing and supporting American jobs. The bill is scheduled to be considered by the Full House as early as tomorrow.
“This bill is a shot in the arm for U.S. manufacturers who need these products to keep making their goods and supporting American jobs," said Ways and Means Committee Chairman Sander M. Levin (D-MI). “The MTB has historically received strong bipartisan support and I hope my Republican colleagues, many of whom have businesses in their districts that need this relief, will stand up for American businesses and workers and support this bill."
Commonly referred to as the Miscellaneous Tariff Bill (MTB), this legislation is estimated to support tens of thousands of American jobs, helping to increase U.S. production and expand gross domestic product (GDP) by billions of dollars.
Provisions included in the legislation undergo an extremely thorough vetting process to ensure the benefits do not come at the expense of domestic manufacturers. During the process, the House Committee on Ways and Means and the Senate Finance Committee, the Administration, and the independent U.S. International Trade Commission thoroughly review each tariff relief request to ensure that there is no domestic opposition. The relief provided in H.R. 4380 is temporary, meaning that if a U.S. business begins manufacturing a product covered by a current MTB provision and the business objects to extending the provision when it comes up for renewal, it will not be extended.
The legislation is supported by hundreds of U.S. businesses and trade associations, including the U.S. Chamber of Commerce and the National Association of Manufacturers.R. 4380.
