April 20, 2016
CONTACT: Lloyd Wood
NCTO Urges Swift Floor Action on American Manufacturing Competitiveness Act
WASHINGTON, DC – Today, the U.S. House of Representatives Committee on Ways and Means marked up H.R. 4923, the American Manufacturing Competitiveness Act.
Endorsed by the National Council of Textile Organizations (NCTO), H.R. 4923 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 United States, helping American manufacturers reduce costs, create jobs, and compete in the global marketplace.
“We thank Ways and Means for marking up this measure and call for the bill’s swift consideration on the House floor,” said NCTO President and CEO Augustine Tantillo.
“It is crucial for Congress to move quickly so that the long-stalled MTB process can be restarted,” Tantillo continued.
“The MTB is essential to American competitiveness,” Tantillo added. “U.S. textile manufacturers reinvest the duty savings to boost jobs and innovation.”
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