WASHINGTON (AP) - President Barack Obama has signed a bill meant to reduce costs for U.S. manufacturers and help them regain their footing in the shaky economy.
The law would reduce and suspend tariffs on certain materials U.S. companies must import to make their products. It passed both houses of Congress with bipartisan support.
The president signed the bill into law in a ceremony in the East Room of the White House.
The National Association of Manufacturers says the new law will help create jobs, cut costs for businesses and consumers and boost U.S. exports. The industry trade group says studies show the bill would increase production by $4.6 billion and support 90,000 jobs.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.