The following are the trade-related hearings scheduled for July 26-July 31, 2010:
On July 22, 2010, the President signed into law H.R. 4213, a bill which extends initial eligibility for emergency unemployment compensation and 100% Federal funding for extended unemployment insurance benefits through November 30, 2010. While an earlier version of H.R. 4213, called the American Jobs and Closing Tax Loopholes Act, included cotton and wool fund provisions, the version signed into law did not.
On July 22, 2010, the following trade-related bills were introduced:
On July 22, 2010, the House Appropriations Committee ordered favorably reported the following bills:
On July 22, 2010, the Senate Appropriations Committee reported S. 3636, a bill making appropriations for the Departments of Commerce and Justice, and Science, and Related Agencies for the fiscal year ending September 30, 2011. (S. Rept. No. 111-229)
On July 22, 2010, the Senate began consideration of the amendment of House-amended H.R. 4899, the 2010 emergency supplemental appropriations bill. During its consideration, the Senate rejected the House amendment and failed to adopt a motion to end debate on the bill. (The House-passed version of H.R. 4899 contains provisions for funding enforcement on the Southwest border, restricting funding for contracts without Iran Sanctions certifications, etc. See ITT’s Online Archives or 07/15/10 news, 10071526, for BP summary.)
On July 22. 2010, following hearings and an extended stakeholder process in response to the release of a discussion draft in April, Representative Rush (D), Chairman of the Subcommittee on Commerce, Trade, and Consumer Protection, and Representative Waxman (D), Chairman of the Committee on Energy and Commerce, introduced H.R. 5820, the Toxic Chemicals Safety Act of 2010, a bill aimed at strengthening and updating the decades-old Toxic Substances Control Act (TSCA) of 1976, the primary statute governing the safety of chemicals in commerce.
During the question and answer portion of a July 21, 2010 Senate Banking Committee hearing on the Federal Reserves Semiannual Monetary Policy Report to Congress, the press reports that Federal Reserve Chairman Bernanke stated that, broadly speaking, China's currency policy is a type of subsidy, noting that the literature has reported its value at 10-30%.
On July 22, 2010, the Senate passed H.J. Res. 83, a resolution approving the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003, clearing the measure for the President. (See ITT’s Online Archives or 07/16/10 news, 10071628, for details of H.J. Res. 83.)
On July 21, 2010, the following trade-related bills were introduced: