Daily Update on Capitol Hill Trade Actions
"Daily Update on Capitol Hill Trade Actions" is a daily International Trade Today compilation of the most relevant legislation, hearings, and actions by Congress involving international trade. The following are brief summaries of recent Capitol Hill actions:
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Senate Finance Chair Comments on Commerce Secy Export Remarks
Senate Finance Chairman Baucus (D) issued a statement regarding remarks made by Commerce Secretary Locke reaffirming the Administration's commitment to double U.S. exports over the next five years. According to Senator Baucus, Secretary Locke pledged more funding, improved government-wide support to promote small business exports around the world, and strong enforcement of U.S. trade agreements as means to accomplish this goal.
House Trade Leaders Welcome Nat'l Export Initiative Announcement
House Ways and Means Committee Chairman Rangel (D) and Trade Subcommittee Chairman Levin (D) have issued statement welcoming the National Export Initiative and Comprehensive Strategy to Change U.S. Trade Policy which was discussed by Commerce Secretary Locke on February 4, 2010. Press release available by emailing documents@brokerpower.com.
AAFA Comments on Senate's Renewing Hope for Haiti Act
The American Apparel and Footwear Association has issued a statement applauding the introduction of the Renewing Hope for Haiti Act in the Senate. AAFA states that it hopes Congress will move quickly to pass the legislation.
Trade-Related Bills Introduced on February 4, 2010
On February 4, 2010, the following trade-related bills were introduced:
| Dietary supplements | S. 3002. A bill to amend the Federal Food, Drug, and Cosmetic Act to more effectively regulate dietary supplements that may pose safety risks unknown to consumers |
| Drawback on distilled spirits | H.R. 4610. A bill to amend the Internal Revenue Code of 1986 to eliminate the drawback fee on the manufacture or production of certain distilled spirits used in nonbeverage products |
Any "Capitol Hill Trade Action" warranting more in-depth coverage will be summarized individually in a future issue of International Trade Today.