U.S. Rep. Jackie Walorski (R-Ind.), a senior member of the House Ways and Means Committee, this week introduced bipartisan legislation, H.R. 6171 -- the CNL Update Act, to update the Generalized System of Preferences' (GSP) competitive need limitation (CNL) rules and provide additional guidance for the administration as it conducts country and product-specific reviews of GSP benefits.
"Northern Indiana is home to a robust manufacturing industry that benefits Americans across the country and beyond. Thanks to our incredible Hoosier workforce, we are one of the top manufacturing districts in the nation," said Congresswoman Walorski. "GSP plays a key role in reducing costs for Hoosier job creators, but its expiration for almost a year has left manufacturers hanging. I urge Congress to immediately pass a long-term reauthorization of GSP, while also including improvements like the CNL Update Act, to reduce burdens on our job creators, strengthen trade relationships, and protect Hoosier manufacturing."