U.S. Steel Industry, Unions Urge Biden Administration to Correct Harmful Provision of Inflation Reduction Act Guidance

WASHINGTON — America’s largest domestic steel producers, the United Steelworkers, and organizations representing the industry and its workers today released a letter outlining serious concerns with the recent Domestic Content Bonus Credit Guidance (“Guidance”). The Guidance, published by the Department of the Treasury and the Internal Revenue Service (IRS), describes rules for implementing the domestic…

Broad Coalition Urges Senate to Use NDAA to Prevent Federal Retirement Funds Flowing to China

WASHINGTON — The Coalition for a Prosperous America (CPA) today joined military leaders, human rights organizations, and national security experts in urging members of the United States Senate to include amendment in the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2024 that prohibits the retirement savings of all federal employees, including Members of…

CPA Supports Rep. Banks Bill to End Normal Trade Relations with China

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded legislation introduced by U.S. Representative Jim Banks (R-IN) that would revoke China’s Most Favored Nation (MFN) tariff status. This is a critical first step to reduce our import dependency on China. Too many transnational enterprises continue to lean on China for sourcing for the…

U.S. Customs Agency Finds Evasion of Antidumping and Countervailing Duties Against Chinese Importer

WASHINGTON – The Coalition for a Prosperous America (CPA) today released a statement on final determination of evasion of antidumping and countervailing duties against a Chinese importer. The US Customs Agency, through the U.S. Customs and Border Protection (“Customs”), issued a final affirmative determination under the Enforce and Protect Act (“EAPA”) that the U.S. importer…

CPA Applauds Rubio, Merkley Bipartisan Bill to Hold the CCP Accountable for Crimes in Xinjiang

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded U.S. Senators Marco Rubio (R-FL) and Jeff Merkley (D-OR) for introducing the Uyghur Genocide Accountability and Sanctions Act (UGASA). Senators Rubio and Merkley were the main sponsors, along with U.S. Representatives Chris Smith (R-NJ) and James P. McGovern (D-MA), of the Uyghur Forced Labor…

CPA Applauds House Bill Seeking to Ban Securities of Foreign Adversaries from Private Pension Plans

The Coalition for a Prosperous America (CPA) today applauded a new bill by Rep. Jim Banks (R-IN-03) that would ban private pension plans from investing in the stocks and bonds of countries deemed adversarial by Washington. If passed, the Employee Retirement Income Security Act of 1974 (ERISA), a federal law that sets minimum standards for…