Now is the time to tackle international obstacles to the free flow of information technology, said House Ways and Means Trade Subcommittee Chairman Kevin Brady, R-Texas, at a briefing on trade barriers Aug. 1. "If we don''t tackle these [barriers] before they're embedded," he said, "we're going to have problems" attempting to deal with them later. "This report is exactly what we're looking for" to find solutions, he said of a recent report by the Business Software Alliance, which hosted the briefing.
The Senate Commerce, Science and Transportation Committee gave its approval for the nomination of William Doyle as a Commissioner at the Federal Maritime Commission, during an executive session July 31. The nomination still needs approval from the full Senate.
Rep. Ed Markey (D-Mass.) asked Treasury Secretary Tim Geithner in a July 31 letter to review an Internal Revenue Service (IRS) decision that exempts importers of tar sands oils from paying into a trust fund reserved to pay for oil spill cleanups. Crude oil importers are required to pay a 8-cents-per-barrel excise tax, which is the largest revenue source for the trust fund, he said. An IRS decision in May 2011 said tar sands oil is not crude oil, and therefore importers of tar sands oil don't have to pay into the Oil Spill Liability Trust Fund. Markey said the IRS decision was based off an "outdated" 1980 congressional report that said the term 'crude oil' didn't include tar sands oils. The IRS decision was a result of "inadequate understanding" of terminology used by regulatory and industry bodies, he said.
The following are the trade-related hearings scheduled July 30-Aug. 3:
House Ways and Means Chairman Rep. Dave Camp (R-Mich.) was diagnosed with a "highly treatable and curable type of non-Hodgkins lymphoma," he said July 28 in a press release. "My treatment will take place every three weeks over the next few months," he said. "It will consist of a series of chemotherapy sessions. In between treatments I will continue my work as a United States Representative for Michigan’s Fourth District and as Chairman of the Ways and Means Committee. Thankfully my health is otherwise excellent and my doctors and I expect a full recovery and cure."
The Senate Commerce Committee scheduled an executive session scheduled for 2:30 p.m. July 31 in 253 Russell Building to, among other things, consider the nomination of William Doyle to be a commissioner at the Federal Maritime Commission.
The House Ways and Means Committee scheduled a July 26 markup on legislation granting Russia permanent normal trade relations (PNTR) status and repealing legislation that limits trade with Communist countries. The bill, HR-6156, is (here). The Senate Finance Committee gave its approval to similar legislation July 18. (See ITT's Online Archives 12071912 for a summary of the Senate Finance bill.)
The House didn't hold a scheduled July 24 vote on HR-5986, a trade bill that would extend African Growth and Opportunity Act (AGOA) provisions and extend Burmese import restrictions. The House bill was scheduled for consideration under suspension of the rules, meaning a markup from the House Ways and Means Committee, where the bill originated, won't be required. No reason for the delay was given.
House Majority Leader Eric Cantor (R-Va.) said the House would consider HR-5986, a trade bill that mirrors Senate legislation, July 24. The House bill will be considered under suspension of the rules, meaning a markup from the House Ways and Means Committee, where the bill originated, won't be required. A similar Senate bill, S-3326, was recently approved by the Senate Finance Committee during a markup.
The following are the trade-related hearings scheduled July 23-27: