June 1 Daily Update on Capitol Hill Trade Actions
"Daily Update on Capitol Hill Trade Actions" is a daily International Trade Today compilation of the most relevant legislation, hearings, and actions by Congress involving international trade. The following are brief summaries of recent Capitol Hill actions:
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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
House Passes Tax Extender Bill, Includes Cotton, Wool Fund Provisions, Etc.
On May 28, 2010, the House of Representatives amended and passed the Senate amendment to H.R. 4213, the American Jobs and Closing Tax Loopholes Act (aka the Tax Extender bill or Jobs bill). The measure would reauthorize cotton trust fund payments and cotton yarn/fabric duty suspensions and restore the wool trust fund. It also contains certain energy efficiency provisions and foreign tax provisions. . See ITT’s 06/01/10 news, 10060105, for BP summary of the House passage of H.R. 4213.
House Passes FY 2011 National Defense Authorization Act
On May 28, 2010, the House passed H.R. 5136, the fiscal year 2011 National Defense Authorization Act to, among other things, authorize appropriations for fiscal year 2011 for military activities of the Department of Defense.
House and Senate Adjourn for Memorial Day Week
The House and Senate have adjourned for the week of May 31, 2010 for a district work period. The Senate is scheduled to return to session on June 7, 2010 and the House is scheduled to return on June 8, 2010.
Trade-Related Bills Introduced on May 28, 2010
On May 28, 2010, the following trade-related bills were introduced:
| Transatlantic relations | H. Res. 1417. A resolution recognizing the importance of transatlantic relations between the U.S. and the European Union and recognizing the growing importance of the dialogue between Congress and the European Parliament |
| CITES | H. Res. 1420. A resolution recognizing the Convention on International Trade in Endangered Species of Wild Fauna and Flora on its 35th anniversary |
Any “Capitol Hill Trade Action” warranting more in-depth coverage will be summarized individually in a future issue of International Trade Today.