What is the status on Capitol Hill in connection to The Trade Preferences Extension Act of 2015?
Tax Professional Answers
As a legislative synopsis from the Hill, the Senate approved TPEA by unanimous consent on June 24th of 2015 and within twenty four hours the House of Representatives on June 25th approved TPEA by a 286-to-138 margin. “I thought I’d start off the week with something we should do more often, a truly bipartisan bill signing,” President Obama said in a crowded East Room ceremony. Additionally, President Obama used the signing ceremony to push for further bipartisan legislation, particularly for a massive infrastructure bill that would help build new highways, airports and shipping ports.
The TPEA legislation can be accessed through the subsequent link at: www.congress.gov/bill/114th-congress/house-bill/1295
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