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1,655 Companies, Associations Urge Congress to Approve Pending Korea, Colombia and Panama FTAs
January 7, 2011 by Cindy Arevalo|Congress

On January 5, 2011, 1,655 companies and associations sent a letter to members of the 112th Congress urging them to pursue trade and investment policies and agreements that will help U.S. companies and workers to remain competitive. As a first step, the companies and associations urge Congress to consider and approve pending trade initiatives, such as the free trade agreements with Korea, Colombia and Panama.

Representative Camp Formally Elected House Ways and Means Committee Chair
January 6, 2011 by Cindy Arevalo|Congress

On January 5, 2011, Representative Camp (R) was formally elected by the House of Representatives to serve as the House Ways and Means Committee Chairman for the 112th Congress. According to Camp’s press release, the House Ways and Means Committee’s top priority will be economic growth and job creation, while reducing federal spending.

Chamber of Commerce Urges Congress to Approve Pending Korea, Colombia and Panama FTAs
January 6, 2011 by Cindy Arevalo|Congress

On January 5, 2011, the Chamber of Commerce sent a letter to members of the 112th Congress urging them to pursue trade and investment policies and agreements that will help U.S. companies and workers to remain competitive. As a first step, the Chamber urges Congress to consider and approve pending trade initiatives, such as the free trade agreements with Korea, Colombia and Panama.

President Signs Food Safety Bill Into Law
January 5, 2011 by Barbara Chaves|Congress

On January 4, 2011, the President signed into law the “FDA Food Safety Modernization Act,” as Public Law 111-353 in order to modernize the food safety system to better prevent food-borne illness and respond to outbreaks. The text of P.L. 111-353 is available here. (See ITT’s Online Archives or 01/04/11 news, 11010426, for comprehensive summary of the legislation.)

New Excise Tax on Foreign Procurement Signed into Law
January 4, 2011 by Cindy Arevalo|Congress

On January 2, 2011, the President signed into law H.R. 847, the James Zadroga 9/11 Health and Compensation Act of 2010. As enacted, H.R. 847 contains a new excise tax on foreign procurement which was opposed by several trade groups.