Reichert and Colleagues Introduce Bill That Will Reduce Tariffs for American Businesses

Nov 9, 2017 Issues: Economy and Jobs, Tax Policy, Trade

Washington, DC – Today, Congressman Dave Reichert (R-WA), Chairman of the Ways and Means Subcommittee on Trade, joined Ways and Means Chairman Kevin Brady (R-TX), Ranking Member Richard Neal (D-MA) and several other members in introducing the bipartisan Miscellaneous Tariff Bill Act of 2017 (H.R. 4318). By suspending or reducing tariffs, this bill relieves U.S. manufacturers of added costs that have hampered their ability to produce more American products and expand their business. Chairman Reichert recently held a hearing in the Ways and Means Trade Subcommittee on the issue entitled, “Miscellaneous Tariff Bill: Providing Relief to U.S. Manufacturers Through the New MTB Process.”

“American manufacturers and the products they make are the best in the world,” said Chairman Reichert. “But steep tariffs make it difficult for them to reach their full potential. The MTB will cut unnecessary costs for American businesses and allow these job-creators to expand, better compete globally, and hire more American workers in Washington State and across the country.”

In 2016, Congress passed the bipartisan American Manufacturing Competitiveness Act (AMCA) that established an open and transparent process for consideration of the Miscellaneous Tariff Bill (MTB). Over the past year, American businesses have been able to petition the International Trade Commission (ITC) for tariff relief on their products, so long as it met the requirements outlined in the AMCA. Based on the petition requests and recommendations from the ITC, this legislation provides tariff relief on products for hundreds of businesses across the country.