The House just passed the GSP renewal legislation by a vote of 286-138! It will now go to the President for enactment following yesterday’s Senate vote.
The Coalition for GSP released the following statement after House passage:
“Final congressional passage of H.R. 1295 makes today a great day for American companies and workers that depend on the Generalized System of Preferences (GSP) program,” said Daniel Anthony, Executive Director of the Coalition for GSP. “After two years of uncertainty and about $1.3 billion in taxes paid, companies once again can focus on growing their businesses knowing that duty-free treatment will resume shortly and taxes paid on GSP-eligible products will be refunded.”
Thank you again to everyone that has contacted offices, answered surveys, signed on to letters, etc. over the past 2 years. This was a group effort.