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NFTC Welcomes Congressional Efforts to Limit Executive Branch Tariff Powers

Washington D.C. – The National Foreign Trade Council (NFTC) today joined 30 associations in welcoming bipartisan efforts in the House and the Senate to pass legislation that reasserts Congress' Constitutional role in trade actions related to national security.

In a letter sent earlier today to members of Congress, leading industry associations urged Members of Congress to cosponsor the Bicameral Congressional Trade Authority Act of 2019 (BCTAA) and to work towards its swift enactment. The legislation, which was introduced today by Senators Pat Toomey (R-PA) and Mark Warner (D-VA) and Representatives Ron Kind (D-WI) and Mike Gallagher (R-WI), amends Section 232 of the Trade Expansion Act of 1962 to ensure Congressional oversight of national security trade actions.

"The support of such a broad cross section of industry, agriculture and retail groups says a lot about how harmful steel and aluminum tariffs have been for companies across the United States and for American competitiveness," said Rufus Yerxa, President of the NFTC. "Tariffs based on national security are misguided and the policy needs to be changed so that companies across the country can start to recover from the damaging effects these actions have caused."

To read a full copy of the letter, click here.

To learn more about the Alliance for Competitive Steel and Aluminum Trade (ACSAT), click here.

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About the NFTC
Serving America's Global Businesses Since 1914- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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