U.S. Rep. Vern Buchanan (R-FL) proposed legislation to renew two key trade programs that would support high-paying jobs and protect small businesses.
“American workers and businesses are in a race against China’s manufacturing infrastructure,” said Rep. Buchanan, ranking member of the U.S. House Ways and Means Subcommittee on Trade.
The congressman on June 22 signed on as the lead original cosponsor of the Trade Preferences and American Manufacturing Competitiveness Act, H.R. 4037, with bill sponsor U.S. Rep. Kevin Brady (R-TX), the Republican Leader of the House Ways and Means Committee.
The bill, if enacted, would reauthorize the Generalized System of Preferences (GSP) and the Miscellaneous Tariff Bill (MTB). The legislation would also extend the American Manufacturing Competitiveness Act (AMCA).
“The Generalized System of Preferences and Miscellaneous Tariff Bill are two of the best tools we have to maintain our economy’s competitive edge and help us remain a global leader on trade,” Rep. Buchanan said.
House Democrats have delayed renewing those two key trade programs that support high-paying jobs in every state, costing businesses more than $450 million, the congressman’s staff said.
“As our economy slowly recovers from the coronavirus pandemic, reauthorizing these valuable programs will put American workers and businesses first, encouraging growth and job creation,” Rep. Buchanan said.