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MO HCR74
Concurrent Resolution
Status
3/23/2010
Primary Sponsor
Rachel Bringer
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AI Summary
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Spartan Light Metal Products, a family-owned magnesium die casting company since 1961 employing over 600 people, is being harmed by U.S. International Trade Commission tariffs 731-TA-1071 and 731-TA-1072 on imported magnesium alloys
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Tariffs allow the nation's sole magnesium producer to set prices without competition, while foreign competitors can purchase magnesium at global prices and export finished products tariff-free, creating an unfair market advantage
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Approximately 60% of Spartan Light Metal Products' magnesium business for 2011 is disappearing, and U.S. automobile manufacturers face cost and weight disadvantages against foreign carmakers in meeting fuel economy requirements
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Urges the President and U.S. Congress to either lift tariffs 731-TA-1071 and 731-TA-1072 on die cast magnesium alloys from China and Russia or impose similar tariffs on imported assemblies and products made from die cast magnesium alloys
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Directs the Missouri House Chief Clerk to send inscribed copies of this resolution to President Barack Obama and each member of the Missouri Congressional delegation
Legislative Description
Urges the President of the United States and Congress to lift tariffs on die cast magnesium alloys to prevent die cast companies from going out of business
Last Action
Voted Do Pass (H)
5/6/2010