December 23, 2009 - #249
Bill to Extend GSP, ATPA Passed by Senate
The U.S. Senate has passed a bill to extend the Generalized System of Preferences (GSP) and the Andean Trade Preference Act (ATPA).
On December 11, 2009, Charles B. Rangel, the Chairman of the House of Representatives' Committee on Ways and Means, introduced H.R. 4284. If passed, the bill would extend both GSP and ATPA for one year, through December 31, 2010. The bill also calls for a report on ATPA by June 30, 2010.
The programs will expire on December 31, 2009 unless legislative action is taken.
The bill, which was passed by the House on December 14, 2009, was passed by the Senate on December 22, 2009. The bill now awaits the approval of The President.
The full text of the Senate press release can be accessed online at:
http://finance.senate.gov/press/Bpress/2009press/prb122309.pdf
The full text of the bill can be accessed online at:
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h4284ih.txt.pdf
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