Ways and Means Panel to Hold MTB Reform Hearing Next Week
The House Ways and Means Trade Subcommittee will on April 14 hold a hearing to explore a path forward for miscellaneous tariff bill (MTB) legislation while upholding the House’s earmark ban, Ways and Means announced (here). A proposal by committee…
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Chairman Kevin Brady, R-Texas, would switch the initial consideration for limited tariff benefit reviews from House lawmakers to the International Trade Commission (see 1603310029). ITC would then submit product recommendations to the House for beneficiary treatment; the House could delete goods from that list, but wouldn’t be allowed to add any, before final approval. In a statement, subcommittee Chairman Dave Reichert, R-Wash., said he is “eager” to explore how Brady’s proposal will strengthen U.S. manufacturing, lower costs, create more U.S. jobs, and save money for U.S. consumers. “American businesses are hurting because there is no longer a process in place to help them cut costs and compete with companies around the world,” Reichert said. “It’s time to develop a fair, transparent, and bipartisan process for considering manufacturing tax cuts that will help our businesses, benefit our consumers, and grow our economy.”