API Applauds Bipartisan Passage of Customs Reauthorization
WASHINGTON, February 11, 2016 – API applauded the bipartisan passage of H.R. 644, Conference Report to Accompany the Trade Facilitation and Trade Enforcement Act, which also known as Customs Reauthorization:
“Free trade is critically important to the oil and natural gas industry and the passage of customs reauthorization will help streamline trade and harmonize transportation of U.S. commerce across our Northern and Southern borders,” said API Senior Director of Federal Relations Khary Cauthen. “Our industry has fought for free trade of for a long time. With the recent lifting of the ban on crude exports along with customs reauthorization, our economy can begin to recognize the gains made in this sector.”
The bi-partisan leadership of the Ways and Means and Senate Finance Committees, along with the specific efforts on duty drawback and residue from Reps. Boustany (R-La.), Marchant (R-Texas), Kind (D-Wis.), and Sens. Coats (R-Ind.), Heitkamp (D-N.D.), and many others will assure the U.S. will be second to none in leading the world in free and open energy commerce, according to API.
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.