AISI Commends Levin and Camp for Leading Bi-Partisan Efforts to Send Currency Legislation to the Floor for a Vote

Urges House Passage and Expeditious Action by Senate

Washington, D.C., 9/24/2010 American Iron and Steel Institute (AISI) President and CEO Thomas J. Gibson applauded the House Ways and Means Committee for voting today in favor of  an amended version of H.R. 2378, the Currency Reform for Fair Trade Act.  The Committee action clears the way for consideration of the currency legislation by the full House of Representatives. 

“We appreciate greatly the leadership by Ways and Means Committee Chairman Sander Levin (D-MI) and Ranking Member Dave Camp (R-MI), who forged bi-partisan support for this critical bill.   For far too long U.S. manufacturers have suffered due to China’s unfair trade practices,” Gibson expressed.  “We look forward to the same kind of bi-partisanship when the full House votes on this legislation.”

“It is particularly rewarding to see this swift action on Steel Day 2010- a day that celebrates the importance of steel and how it contributes to building not only a strong America, but a strong economy.  The steel industry is the backbone of America, but it has been undercut by China’s trade distorting policies.  We urge the House to take up and approve this bill next week and then send it to the Senate for swift bipartisan action prior to the midterm elections.  Nothing will send a clearer message to China that they must play by the rules and that we will no longer tolerate their refusal to comply with WTO obligations.” 

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 23 member companies, including integrated and electric furnace steelmakers, and 138 associate and affiliate members who are suppliers to or customers of the steel industry.  AISI's member companies represent approximately 75 percent of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Contact:
Nancy Gravatt
Vice President, Communications
American Iron and Steel Institute
Tel: 202.452.7115