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Chairman Thomas Introduces Trade Preferences Bill

Date: Sept. 21, 2006
Location: Washington, DC
Issues: Trade


Chairman Thomas Introduces Trade Preferences Bill

Today, Rep. Bill Thomas (R-CA), Chairman of the Ways and Means Committee, introduced H.R. 6142, a bill to provide trade preferences for developing countries.

This legislation has three major components:

* African Investment Incentive Act to provide investment incentives for U.S. companies in Africa and to extend modified third country fabric benefits.
* Generalized System of Preferences extension for two years with modifications to assure preferences benefit countries in the most need.
* Haitian Hemispheric Opportunity through Partnership Encouragement Act (HOPE) to provide certain apparel benefits to Haiti.

"This legislation is aimed at continuing and targeting our bipartisan humanitarian efforts through trade," said Ways and Means Chairman Bill Thomas (R-CA). "It will enhance opportunities for the world's poorest countries, while assuring no adverse impact to U.S. industries or workers."

http://waysandmeans.house.gov/news.asp

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