Government Affairs

Congress Pursues Legislation to Outline a National Manufacturing Strategy

The U.S. House Energy and Commerce Committee approved the “National
Manufacturing Strategy Act” (H.R. 4692), which would make manufacturing
a top priority for Congress and the administration. This
SEMA-supported legislation is intended to promote government policies
to foster economic growth, increase employment and productivity, and
expand exports for the nation’s manufacturing sector. The legislation
would establish a public-private advisory board to make policy
recommendations to the president on how to achieve short- and long-term
goals and report its findings to Congress.

SEMA Opposes Requirement to File IRS 1099 Forms for Everyday Purchases

Beginning in 2012, businesses will be required to file “Form 1099”
information returns with the Internal Revenue Service (IRS) and report
all payments to corporations for goods or services in excess of $600.
Under current law, most corporations are exempt from receiving 1099s.
The 1099 reporting requirement is expected to raise $17 billion over 10
years. It was included as a revenue-raising initiative under the new
health care law, in this case, collecting taxes on a potential source of
unreported income.

Canada Approves SEMA-Requested Lead Fuel Exemption for Competition Vehicles

Environment Canada issued a SEMA-supported final rule to indefinitely
extend an exemption allowing the use of leaded gasoline in competition
motor vehicles. The exemption has been renewed several times since it
was first established in 1996. SEMA had previously opposed efforts to
permanently terminate the exemption and effectively ban racing vehicles
using leaded fuel. The new rule recognizes the relationship between
the Canadian and U.S. racing industries and adopts a consistent
environmental approach to leaded fuel use.

FTC Answers Questions About the Use of Endorsements in Virtual Advertising

The Federal Trade Commission (FTC) has published answers to “frequently
asked questions” (FAQs) to help businesses better understand the FTC’s
“Guides Concerning the Use of Endorsements and Testimonials in
Advertising.” The Guides were revised in October 2009 to clarify that
they apply to all types of advertising, including via social media
websites and blogs.

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