The House voted 402-0 today to pass H.R. 4318, the Miscellaneous Tariff Bill Act of 2018. This bipartisan, bicameral legislation – commonly known as “MTB” – will help increase the competitiveness of American manufacturers by temporarily reducing tariffs on nearly 1,700 different products that are not otherwise available in the United States.
House Ways and Means Committee Chairman Kevin Brady (R-TX), the sponsor of the bill, released the following statement upon passage:
“This bipartisan, bicameral legislation is a win for American manufacturers, their workers, and families across the country. With the temporary tariff relief provided by the bill, our manufacturers will see reduced costs for needed production inputs that are simply not available in the United States. This will help them better compete globally, create more jobs here at home, and make high-quality ‘Made in America’ products more affordable for families.
“Over seven years have gone by since the last time Congress passed MTB legislation. Today’s decisive and overwhelmingly bipartisan vote brings us one crucial step closer to providing much-needed tariff relief for American job creators. I strongly encourage the Senate to pass this legislation as soon as possible and join the House in taking action to help our manufacturers and workers compete and win.”
Ways and Means Trade Subcommittee Chairman Dave Reichert (R-WA) released the following statement:
“I am proud to join with my colleagues to support American workers and help American manufacturers of all sizes reduce costs, create jobs, and compete globally. Today’s strong bipartisan vote has been years in the making. I remained committed to this effort because of the benefits it will bring to communities across the country. For businesses in my home state of Washington, the MTB will provide nearly $16 million in cost savings, which they can instead use to invest in their employees and their products. Through the MTB, along with the tax plan that Congress passed late last year, I am working to provide American workers and businesses a chance to succeed globally, earn and provide better wages, and grow their businesses.
“I would like to thank the United States International Trade Commission for its tremendous effort and dedication in successfully bringing the new MTB process to life. I would also like to thank the Commerce Department and Customs and Border Protection for their invaluable work.”
CLICK HERE for the legislative text of the Miscellaneous Tariff Bill Act of 2018.
CLICK HERE to learn how this bipartisan, bicameral legislation helps American. manufacturers.