House Ways and Means trade subcommittee Chair Adrian Smith (R-Neb) has introduced legislation to restore the miscellaneous tariff bill process, with support from 19 Republican colleagues including 17 fellow Ways and Means Committee members.
“Renewing the Miscellaneous Tariff Bill is essential to reducing barriers for American manufacturing and agriculture, supporting jobs, private sector growth, and our overall economic competitiveness, while upholding Congress’ constitutional authority over trade,” Rep. Smith said.
The MTB generally provides zero tariffs on manufacturing inputs that either are not made in the United States or not available domestically in the quantities needed by US manufacturers.
The MTB Reform Act would:
Approve duty-free treatment of products recommended under the 2019 application process created by the American Manufacturing Competitiveness Act through December 31, 2025, in order to support domestic manufacturers who participated in that process in a good faith manner.
Provide retroactive duty relief on those items, back to January 1, 2021.
Make technical changes to align exemptions with the most recent revision of the Harmonized Tariff Schedule.
Align MTB exclusions with our trade policy toward China, excluding products subject to Section 301 tariffs while allowing American manufacturers to continue accessing parts which had Section 301 exclusions as of December 31, 2020.
Reauthorize the ITC-based process for future Miscellaneous Tariff Bills, creating new opportunities for American manufacturers to apply for domestically unavailable inputs in 2025 and 2028.
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