Miscellaneous Trade Bill Reform Signed Into Law; ST&R Webinar Slated for May 25
President Obama signed into law May 20 the American Manufacturing Competitiveness Act (H.R. 4923), which reforms the process of developing and enacting miscellaneous trade bills that suspend duties on imported inputs and products for which there is no or insufficient domestic production and availability.
The International Trade Commission is now expected to launch the first MTB process in six years no later than Oct. 15. Once that takes place the AMCA establishes tight deadlines for companies to submit duty suspension petitions and for the ITC to solicit comments and make its recommendations to Congress.
Sandler, Travis & Rosenberg will host a free 30-minute webinar May 25 to explain the new MTB process. Topics will include what the reforms mean for U.S. companies, how to identify qualifying products and request duty suspensions, and when duty relief can be expected.