The Indiana Chamber has signed onto a coalition letter regarding provisions in S. 1790 and H.R. 2500, the National Defense Authorization Act for Fiscal Year 2020, addressing the regulation of per- and polyfluoroalkyl substances (PFAS). The letter recommends that any congressional action enable the appropriate agencies to carry out the risk-based approach established in existing U.S. environmental law and policy.
We also signed a letter to Indiana’s delegation noting our opposition to the Forced Arbitration Injustice Repeal (or FAIR) Act. The FAIR Act (H.R. 1423 and S. 610) would effectively outlaw arbitration provisions in private contracts. Federal law has protected arbitration as a means of resolving disputes between businesses, consumers and employees since 1925.
The Terrorism Risk Insurance Act (TRIA), which is currently set to expire at the end of 2020, is another area of focus for the Chamber. We’ve offered our support for the reauthorization of TRIA.
And we would be remiss to not mention the ongoing tariff situation. The Chamber continues its opposition to the tariffs put into place – or threatened to be imposed – by President Trump. We remain concerned yet hopeful that the ongoing trade tensions with China can be resolved favorably and with minimal impact to Hoosier businesses.
Unfortunately, however, we are hearing from companies that are feeling the effects, which we are communicating to Indiana’s congressional members. They sympathize and are relaying concerns to the Trump administration, but it’s obviously an issue the President is intently focused on and has chosen to play hard ball.
President Trump is absolutely right that China has gotten off far too easy over the last few decades – both paying comparatively low duties and especially with its essentially non-existent intellectual property rights law that encourages innovation theft. That theft costs the U.S. hundreds of billions of dollars each year and needs to stop, but an approach that dramatically impacts a significant number of U.S. businesses is too detrimental. We would like to see what meaningful diplomacy efforts can accomplish.
To that end, we have worked on developing a new formal policy position for free trade.
Also, don’t forget the annual D.C. Fly-in, which is scheduled for October 9-10. In addition to the traditional and productive office visits with the Indiana delegation, there will be several unique opportunities. One is to hear from a trade representative from the Mexico Embassy to the U.S., who will talk about two trade agreements, NAFTA and its successor, USMCA, and their impacts.
Resource: Greg Ellis at (317) 264-6881 or email: [email protected]