Contact: Ryan Baldwin (202) 249-6517

WASHINGTON (May 11, 2016) - The American Chemistry Council (ACC) issued the following statement on Senate passage of the " American Manufacturing Competitiveness Act of 2016 ," a bill that will provide tariff relief to domestic chemical manufacturers that may import raw and intermediate products from overseas:

"ACC applauds Senate and House leaders for answering our collective calls for tariff relief. As one of the country's most innovative industries, the chemical manufacturing sector is well positioned to capitalize on the lower production costs afforded by the MTB bill, and we look forward to the opportunity to pass those savings on to the thousands of companies that depend on our products.

"Today, domestic chemical manufacturers produce 15 percent of the world's chemicals and account for 14 percent of all U.S. exports, amounting to $191 billion in 2014. Gross exports of chemical products directly linked to natural gas are projected to double in fifteen years , from $60 billion in 2014 to $123 billion by 2030.

"ACC looks forward to seeing the President sign this legislation into law and finally help level the playing field for U.S. manufacturers competing around the globe."

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