Home / Knowledge / News / Textiles / NTA strongly endorses Levin Mark
NTA strongly endorses Levin Mark
Sep '10
At a mark-up scheduled for Friday, September 24 at 9:30, Ways and Means Chairman Sander Levin intends to offer an amendment in the nature of a substitute to the Ryan-Murphy Currency Reform for Fair Trade Act, H.R. 2378.

The National Textile Association strongly supports this pro-jobs, pro-growth, and pro-investment amendment and urges Members of Congress to do the same.

The Levin substitute is a streamlined version of H.R 2378 that:

• Is WTO-compliant and gives no grounds for retaliation by any trading partner;
• Clarifies the responsibility of the Commerce Dept. to investigate alleged currency undervaluation as a prohibited export subsidy and establish the facts on a case-by-case basis;
• Retains the countervailing duty remedy that is the heart of Ryan-Murphy; and
• Orders the Comptroller General of the United States to report on the legislation's implementation nine months following enactment;

By enacting H.R. 2378, the Congress would:

• Boost exports and create jobs in the United States;
• Encourage more research and development and investment in new plant and equipment in the United States; and
• Stimulate the U.S. economy without incurring any new public debt or budgetary expenditures.

What Members of Congress can do:

• Communicate your support for the substitute to Chairman Levin and/or Ranking Member Camp and to other members of the Ways and Means Committee;
• Communicate your support for the Levin substitute to your party's leadership;
• Remind them that your constituents need action on the currency problem. The Levin substitute is a jobs bill and will restore manufacturing; and
• Urge a vote on the House floor prior to recessing before the November election.

The National Textile Association is the nation's oldest and largest association of fabric-forming companies. Our members knit and weave fabric in the U.S.; supply fibers, yarns to the fabric-forming industry; or supply other materials or services to the American textile industry.

National Textile Association

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search