Neal Says GSP, MTB Are Stalled, but Movement This Year Still Possible
House Ways and Means Committee Chairman Richard Neal, D-Mass., told International Trade Today that lawmakers are still working on renewing the Generalized System of Preferences benefits program. “GSP's a little bit stickier,” he said, adding that the Miscellaneous Tariff Bill and GSP both “seem to be stalled.”
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But, he said, he did talk to Senate Finance Committee Chairman Chuck Grassley, R-Iowa, in the hopes of getting some movement on GSP and MTB. He said it's still possible that the renewals are done this week. “A lot of things move faster than people anticipate,” he said, during a brief hallway interview Dec. 17. Grassley recently said renewal of the GSP and MTB programs by the end of the year looked unlikely (see 2012150056).