WASHINGTON, D.C. – Jonathan Samford, president & CEO of the Global Business Alliance (GBA), has released the following statement after Treasury Secretary Scott Bessent’s call to remove Sec. 899 from the One, Big, Beautiful Bill:
“This is what leadership looks like: Choosing economic strength over squandered opportunity, investment over isolation, and American workers over misguided tax hikes. Thank you, President Trump and Secretary Bessent, for reinforcing America’s economic competitiveness on a global stage.”
Secretary Bessent’s Announcement on X:
“Based on this progress and understanding, I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill. This understanding with our G7 partners provides greater certainty and stability for the global economy and will enhance growth and investment in the United States and beyond. I thank Senator Crapo and Chairman Smith for their leadership that made this day possible.”