On January 1, 2013, the U.S. Job Creation and Manufacturing Competiveness Act of 2013 was introduced in the 112th Congress. Once passed, the bill will reduce tariffs on certain items imported into the United States to benefit domestic manufacturing and create jobs. House Ways and Means Former Trade Subcommittee Chairman Rep. Kevin Brady (R-TX) called the legislation “a jobs bill, pure and simple.” House Ways and Means Committee Chairman Dave Camp (R-MI) stated that “this legislation reflects a transparent, bipartisan effort to lower costs for the U.S. manufacturers.” The bill was created from more than 2,000 proposals from both chambers of Congress. Reduction or temporary suspension of tariffs on products “not made domestically, or where there is no domestic opposition” could jump start domestic production for those businesses trying to increase their competiveness and productivity. It will help many domestic industries by reducing costs on products and materials needed for manufacturing here in the United States. The bill would introduce modifications to tariffs on more than 500 product categories, including chemicals, home goods, and electronics.
Because this legislation went through the vetting process and was near completion at the conclusion of the 112th Congress, the bill will most likely be carried forward into the 113th Congress as it was introduced. There likely will be an opportunity to submit new proposals for tariff reduction or temporary suspension this year. This bill is considered a top priority for the 113th Congress.