This bill aims to help American manufacturers compete in the global market by creating a new process for the House to consider manufacturing tax cuts through the Miscellaneous Tariff Bill (MTB).
MTBs request the temporary reduction or suspension of duties on certain imported intermediate goods (meaning they’re used in the production of something else) not made domestically.
The new process would allow local U.S. businesses to directly petition the International Trade Commission (ITC) rather than relying on members of Congress to introduce the petition as a bill.
The ITC would analyze the request and recommend changes to stay within MTB requirements in a report provided to Congress and made publicly available. Then the House Ways and Means Committee would draft MTB legislation that it would have to certify as containing no earmarks.