House Democrats seek to recoup constitutional authority in GSP, MTB renewal bill

Following Senate moves to renew two trade-preference programs, House Democrats have unveiled their own renewal legislation in a push to reclaim constitutional authority over the introduction of revenue-raising measures, Ways & Means Committee lawmakers told Inside U.S. Trade on Thursday. The Senate earlier this month passed the American Innovation and Competition Act , a broad bill focused on countering China, that included an amendment to renew the Generalized System of Preferences as well as a new Miscellaneous Tariff Bill...