On March 20, 2012, the following trade-related bills and resolutions were introduced:
On February 29, 2012, Representative Ted Poe (R-TX) and Representative Janice Hahn (D-CA) hosted the inaugural event for the bipartisan Congressional Ports, Opportunity Renewal, Trade and Security (PORTS) Caucus. The mission of the PORTS Caucus is to promote the importance of U.S. ports to the nation’s economy and the need to secure them by promoting dialogue and coordination between Congress, the Administration and relevant federal agencies, as well as important industry officials. The Caucus was formed in October 2011 by Representatives Poe and Hahn and currently includes 42 members representing 19 states and two territories. The inaugural event featured a “Ports 101” presentation made by guest speaker Kurt Nagle, President and CEO of the American Association of Port Authorities (AAPA).
Senator Sherrod (D-OH) and 187 other Senators and Representatives sent a letter to President Obama calling for more aggressive enforcement against China's trade actions and subsidies, which they say hurt U.S. auto parts businesses. According to Sherrod, the U.S. deficit with China on auto parts trade has increased nearly tenfold since China joined the World Trade Organization in 2001 - from $1.03 billion to $9.95 billion in 2011. The letter urges the President to use the recently established Interagency Trade Enforcement Center (ITEC) to address China's predatory policies in auto parts.
On March 20, 2012, the Senate voted twice and did not get enough votes to add an Export-Import Bank reauthorization amendment to H.R. 3606, the “Reopening American Capital Markets to Emerging Growth Companies Act of 2011.”1 The amendment would have reauthorized the Ex-Im Bank through September 30, 2015, required it to promote textile and apparel component exports, banned certain Iran assistance, and reviewed domestic content guidelines.
The following are trade-related highlights of the Executive Communications sent to Congress for March 16, 2012:
On March 19, 2012 the following trade-related bill was introduced:
The following are the trade-related hearings scheduled from March 20-23:
Senate Majority Leader Harry Reid (D-NV) announced on March 19, 2012 that the Senate will resume consideration of the Export-Import Bank Reauthorization bill. The bill would reauthorize the Export-Import Bank through September 30, 2015, require it to promote textile and apparel component exports, ban certain Iran assistance, and review domestic content guidelines. The proposal will be taken up as an amendment to H.R. 3606, a bill “Reopening American Capital Markets to Emerging Growth Companies Act of 2011”, with possible Senate vote to take place on March 20. The reauthorization has bi-partisan support as well as the support of President Obama.
Congressman Edward J. Markey (D-MA), a senior member of the House Energy and Commerce Committee, announced on March 19, 2012 that he sent three separate petitions to the Food and Drug Administration requesting the agency permanently remove regulatory approval for the use of bisphenol-A (BPA) in (i) infant formula and baby and toddler food packaging, (ii) small reusable household food and beverage containers, and (iii) canned food packaging, on the grounds that manufacturers have stopped using BPA in these products.
The following are trade-related highlights of the Executive Communications sent to Congress for March 15, 2012: