House Passes Omnibus Trade Act (GSP and ATPDEA, MTB, Etc.)

On December 15, 2010, the House passed H.R. 6517, the Omnibus Trade Act of 2010, as amended, by voice vote. As introduced, H.R. 6517 contained provisions to extend the Generalized System of Preferences program and Andean Trade Preferences Act/Andean Trade Promotion and Drug Eradication Act (ATPA/ATPDEA). The measure, as introduced, also contained a second Miscellaneous Tariff Bill (MTB).

The MTB would create new and extend existing duty suspensions and reductions, make technical corrections, reauthorize payments and duty suspensions of the cotton trust fund, restore wool trust fund to authorized levels, and extend trade adjustment assistance.

See future issue of ITT for summary of H.R. 6517 as passed by the House. (See ITT's 12/15/10 news, 10121532, for BP summary of H.R. 6517 as introduced.)

Copy of H.R. 6517 as passed by the House available by emailing documents@brokerpower.com.