
APRIL 1999 VOL. 9, NO. 1 |
AWPA TESTIFIES ON TRADE |
In a continuing effort to dissuade Congress from passing protectionist trade legislation, AWPA Vice President H. Woltz, President of Insteel Industries, Inc., testified before the House Ways and Means Committee on February 25, 1999, in opposition to HR 975. The hearing began with several panels populated by legislators representing steel manufacturing districts demanding relief from the flood of imported steel that, according to their testimony, has caused the loss of thousands of industry jobs. There were also a number of senior Clinton Administration officials from the Office of the US Trade Representative, Department of Commerce and President's Council of Economic Advisors who testified. Industry leaders from steel manufacturing companies also were given an opportunity to testify on the impact of the so-called "crisis."
Woltz joined members of the steel consuming industry and an economist from the Cato Institute on the final panel of the day. AWPA's testimony focused on the damage protectionist legislation would cause millions of workers in downstream industries like wire producers. The Ways and Means Committee hearing was one of many that will be held to explore remedies demanded by steel manufacturers and their legislators. AWPA will continue to keep members apprised of any new developments.
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American Wire Producers Association 801 North Fairfax Street, Suite 211
Alexandria, VA 22314-1757
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