Transparency and Fairness Trade Act (HR 2770)
CITAC seeks to ensure American companies and millions of American workers that rely on open markets for their raw materials, components and finished products are adequately considered in trade policymaking. America's consuming industries suffer when the US government imposes trade restrictions that affect the availability of materials they need by causing supply shortages of raw materials, higher prices, or longer lead times. In many cases, the end result is simply an increase in imports of finished, or value-added, products from overseas.
CITAC represents, among others, farmers, retailers, equipment manufacturers, steel users, and energy suppliers. These industries employ more workers and have a greater positive impact on the US economy than the industries that advocate frequent use of trade restrictions to protect themselves against global competition.
To provide American consuming industries and millions of workers the consideration they deserve, CITAC has offered legislation that would make common-sense reforms to US trade laws (antidumping, countervailing duties, and safeguards (Section 201)). HR 2770, an act that ensures fairness to consumers, has two essential components:
For more information on CITAC, please visit WWW.CITAC-TRADE.ORG.