TSCA Reform, Trade among Key Issues as SOCMA Members visit Capitol Hill

News provided by

Society of Chemical Manufacturers and Affiliates

Mar 15, 2016, 10:23 ET

WASHINGTON, March 15, 2016 /PRNewswire-USNewswire/ -- With the House of Representatives and Senate conferring on final Toxic Substances Control Act (TSCA) legislation and the continued failure by Congress to act on the Miscellaneous Tariff Bill (MTB), SOCMA members will have much to discuss with lawmakers April 11-12 during SOCMA's 9^th Annual Washington Fly-In.

"SOCMA members convene each year in Washington to share their thoughts and concerns about key issues that significantly impact the specialty chemical sector," said Lawrence D. Sloan, SOCMA President and CEO. "The Fly-In offers our specialty chemical industry leaders a great opportunity to meet face-to-face with members of Congress and influence the direction of legislation that will impact their businesses.

"TSCA reform remains a top policy priority for SOCMA in 2016, and the bipartisan effort in both the House and Senate makes us optimistic that compromise is possible and TSCA reform can happen," Sloan said. "With Congress conferring on the House and Senate versions of TSCA reform legislation, this is the perfect time for our members to voice their concerns about differences between the two bills that need to be resolved, issues crucial to maintaining our nation's standing as the world's leading innovator in the field of chemicals."

SOCMA members will continue to advocate for a rules change in how the House views the Miscellaneous Tariff Bill and urge Congress to move forward in passing this crucial piece of legislation. "With Congress squandering an opportunity to include the MTB in the recent Customs Bill, our chemical manufacturers and the manufacturing sector as a whole continues to pay millions and millions of dollars in taxes each year on essential inputs and other products they need to do business," Sloan said. "Manufacturers need relief from these taxes so they can remain competitive in the global market."

SOCMA members will also raise concerns about the stifling affect regulations have on job creation and economic growth, pending trade agreements with the Asia-Pacific and European Union and other issues impacting the industry.

The Washington Fly-In is organized by SOCMA's grassroots arm, SOCMA CONNECT, which encourages members to support and help shape laws affecting specialty chemical manufacturers.

About SOCMA

Since 1921, SOCMA has represented a diverse membership of small, medium and large chemical companies located around the world. www.socma.com.

Contact:
Jenny Gaines
Director, Communications & PR
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SOURCE Society of Chemical Manufacturers and Affiliates