Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
BILOXI, Miss., Feb. 12, 2016 -- The US Senate today passed the Conference Report for H.R. 644, the Trade Facilitation and Trade Enforcement Act (Customs Bill), an important piece of trade legislation that streamlines and enhances US trade remedy laws. The Customs Bill improves the flow of legitimate trade by modernizing the automated import and export system. The legislation also significantly buttresses enforcement of US trade remedy laws to ensure that US industry can compete on a level playing field.
“Congress has taken a major step forward in ensuring that US trade remedy laws work effectively to protect US industries from unfair trade,” declared Dr. David Veal, Executive Director of the American Shrimp Processors Association (ASPA). One major piece of the Customs Bill is the substantive provisions of Congressman Charles Boustany’s PROTECT Act, which establishes new enforcement procedures to combat unfair trade. “Our members are especially thankful to Congressman Charles Boustany for his leadership in making sure this legislation contains provisions that work in the real world of trade,” added Dr. Veal.
The PROTECT Act provisions of the Customs Bill create a dedicated enforcement unit inside of Customs and Border Protection to investigate and combat unfair trade evasion, including a process for effective private sector communication with Customs to ensure efficient redress for allegations of trade evasion. Edward Hayes, counsel to ASPA noted that “this legislation finally provides an effective mechanism for addressing unfair trade evasion that diminishes the value of US and international trade remedy laws that combat illegal trade.”
About the American Shrimp Processors Association: The American Shrimp Processors Association (ASPA), based in Biloxi, Mississippi, was formed in 1964 to represent and promote the interests of the domestic, U.S. wild-caught, warm water shrimp processing industry along the Gulf and South Atlantic with members from Texas to North Carolina. We are the collective voice of the industry, and our focus is to promote the interests of shrimp processors, other segments of the U.S. domestic wild-caught warm water shrimp industry and the general public. More information is available at http://www.americanshrimp.com
Media Contact: David Veal, Executive Director [email protected] (228) 806-9600
