On the recordFebruary 9, 1999
Mr. Speaker, today I join my colleagues in reintroducing the Miscellaneous Trade and Technical Corrections Act of 1999. This legislation is a package of miscellaneous trade provisions and other technical and clerical corrections to the trade laws. This package introduced today contains a revenue provision which was not contained in H.R. 326. This bill, including the revenue provision, is essentially identical to H.R. 4856 that the House passed in the 105th Congress on October 20, 1998, and which received broad support in both the House and the Senate in the last Congress. Unfortunately, the Senate failed to act on H.R. 4856 on the last day before Congress adjourned because of issues totally unrelated to the substance of the bill. This bill contains over 140 provisions temporarily suspending or reducing duties on a wide variety of products. A number of the duty suspensions relate to different chemicals to make anti-HIV, anti-AIDS and anti-cancer drugs. By suspending or reducing these duties, we can enable U.S. companies that use these products to be more competitive and function more cost efficiently. This would help create jobs for American workers as well as reduce costs for consumers.
Source
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