Manufacturers: It’s Time for Washington to Act on Outdated Policy

Ban on Crude Oil Exports Is at Odds with America’s Manufacturing Growth

Washington, D.C., October 9, 2015 – National Association of Manufacturers (NAM) Vice President of International Economic Affairs Linda Dempsey issued the following statement on the House passage of H.R. 702, a bill to adapt to changing crude oil market conditions:

“The current ban on crude oil exports is at odds with America’s export goals, policies and international obligations. It limits our economic growth and puts up a roadblock to increasing U.S. exports. Manufacturers in the United States need full and free access to the global marketplace, which is why it is critically important that our leaders are taking action.

“The Senate must now act to remove this outdated policy that is at odds with our international commitments and needs in a global economy.”

To read a recent op-ed by NAM President and CEO Jay Timmons on the importance of this issue, click here

 


-NAM-


The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

Related Tags: