Economy
June 25, 2015
Win for Steel Industry with Passage of TAA
Written by Sandy Williams
Today (June 25, 2015), the House passed HR 1295 which includes extension of the African Growth and Opportunity Act and other trade preference programs, as well as the renewal of Trade Adjustment Assistance (TAA) and improved AD/CVD laws that will benefit the steel industry. The measure passed by a vote of 286-138.
Today’s vote follows the Senate approval on Wednesday of the legislation along with passage of the Trade Promotion Authority (TPA). TPA passed the Senate by 60 to 38 and TAA passed by voice vote after it was agreed to cut off further debate.
