Senate Approves FASA-Supported MTB Reform Legislation, Obama Expected to Sign into Law Shortly

On May 10, the Senate unanimously approved FASA-supported legislation to create a process for considering bills that would temporarily reduce or eliminate duties (up to $500,000) on products that are no longer made in the U.S. The legislation (H.R. 4923) would create a process for Congress to consider Miscellaneous Tariff Bills (MTBs) – legislation through which companies have reduced duties on a variety of certain fashion items over the years. President Barack Obama is expected to sign the legislation into law shortly.

 

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