U.S. House Passes American Manufacturing Competitiveness Act; NCTO Urges Immediate Senate Consideration
U.S. House Passes American Manufacturing Competitiveness Act
NCTO Urges Immediate Senate Consideration
WASHINGTON, DC – Today, the U.S. House of Representatives passed H.R. 4923, the American Manufacturing Competitiveness Act, by a vote of 415-2.
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 the House for passing this bill and urge the Senate to take it up immediately,” said NCTO President and CEO Augustine Tantillo.
“It is crucial for the Senate to move quickly so that the long-stalled MTB process can be restarted,” Tantillo continued.
“The MTB is essential to American competitiveness as U.S. textile manufacturers reinvest the duty savings to boost jobs and innovation,” Tantillo finished.
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