Senate Passes MTB Bill
by Lorien on Jul.29, 2010, under Bike
from Bicycle Retailer & Industry News:
The United States Senate has passed the U.S. Manufacturing Enhancement Act of 2010, better known as the miscellaneous tariff bill, or MTB (H.R. 4380).
Bicycle companies will benefit from lower tariffs on tubing, speedometers, road and hydraulic disc brakes and certain rims and cranks.
“This bill will make it cheaper and easier for American small businesses and manufacturers to make their products here at home and compete around the world,” said Senate Finance Committee Chairman Max Baucus (D-Mont.) “This legislation is exactly the kind of smart, targeted relief U.S. companies need to create and maintain good-paying American jobs.”
As reported, the bill restores duty relief for a cornucopia of sporting goods, including bicycle parts, outdoor footwear, snow sports equipment, volleyballs, rubber basketballs, leather basketballs, synthetic basketballs, and golf bags that expired on Jan. 1, 2010. The bill also included several duty suspensions on waterproof breathable footwear, ski and snowboard equipment and footwear.
