Lawmakers Push Bills To Extend Soon-Expiring Tariff Breaks

Law360, New York (July 22, 2013, 5:49 PM EDT) -- Lawmakers in both the U.S. House of Representatives and the U.S. Senate introduced legislation last week to extend hundreds of millions in tariff preferences for developing countries, which are set to expire on July 31.

Rep. Dave Camp, R-Mich., and a group of bipartisan colleagues introduced House legislation to extend the Generalized System of Preferences on Wednesday, and Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah, introduced a parallel Senate bill on Thursday.

Both proposed laws would renew the GSP — which gives duty-free treatment to...
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