Despite the best efforts of staff to reach a last-minute compromise, Senator Coburn will not release his hold on the GSP renewal bill. As such, GSP will expire tonight and companies will start paying an estimated $2 million per day in new import taxes. Since Congress adjourns on Friday and doesn’t come back until after...
Continue readingThis morning, Senate Finance Committee Ranking Member Orrin Hatch (R-UT) verbalized what most GSP importers having been fearing for months. According to Inside US Trade ($), Hatch told reporters “I doubt that we’ll get it through before [GSP] expires.” As we noted yesterday, Senator Coburn (R-OK) has blocked the unanimous consent ...
Continue readingAnd then there was one. On Friday, we reported that two Senators had objected to the unanimous consent request for S. 1331. A little while ago, we learned that Senator Hagan is now supporting the UC request, meaning that Senator Coburn is the only one preventing Senate passage of legislation to renew GSP through September...
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