Trade Update - Miscellaneous Tariff Bill & 2013 Trade Policy Agenda

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This past Wednesday, House Ways & Means Chairman Camp (R-MI), along with Senator Bob Casey (D-PA), participated in an event hosted by the National Association of Manufacturers to highlight the need for passage of a Miscellaneous Tariff Bill (MTB). The most recent MTB expired at the end of 2012, although the Ways and Means Committee and Senate Finance Committee had worked throughout 2012 to draft a new MTB.

A new MTB was introduced in early January, just before the end of the 112th Congress, but did not see final passage. That measure is generally viewed as being the framework for a new bill this congress. Camp and Casey both stressed the importance of passage of a MTB this year.

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Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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