It’s been a good 18 or so hours. Early last night, the Senate Finance Committee approved legislation that would renew GSP, along with special preferences for African countries and Haiti. The version approved by the Finance Committee contained several amendments to the original bill, including one that would make travel goods (e.g., luggage, b...
Continue readingYesterday bipartisan legislation to renew GSP was introduced in both the House and Senate. As noted, if approved the legislation would: reauthorize GSP through December 31, 2017 refund tariffs paid on most GSP-eligible imports (imports from Russia and Bangladesh would be precluded from refunds) The GSP provisions are part of a “preferences pa...
Continue readingThis afternoon, Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) joined with House Ways and Means Chairman Paul Ryan (R-WI) and Ranking Member Sander Levin (D-MI) in introducing legislation to renew GSP and other preference programs. The legislation would reauthorize GSP through December 31, 2017 and provide ...
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