ACD Sets Legislative Agenda for 119th Congress
The Alliance for Chemical Distribution (ACD) is setting its sights on a range of legislative and regulatory priorities as the 119th Congress gets underway. ACD President and CEO Eric R. Byer has outlined the organization’s key areas of focus, which include establishing regulatory certainty for the chemical distribution industry.
In recent years, the industry has faced a number of challenges that have created financial strain for businesses. ACD is hopeful that the new Congress will take steps to address these issues and provide a more stable environment for the industry to operate in.
One of the top priorities for ACD is tax reform. The organization is calling on Congress to extend the deduction for small businesses, which is set to expire at the end of 2025. ACD is also pushing for the repeal of the Superfund Tax, which has increased the cost of many chemicals and created a significant regulatory burden for companies.
In addition to tax reform, ACD is also focused on the issue of Per- & Polyfluoroalkyl substances (PFAS). The organization is advocating for a tax credit to help businesses replace their firefighting systems, which often rely on PFAS. ACD is also calling for the full, retroactive renewal of the Generalized System of Preferences (GSP) and Miscellaneous Tariff Bill (MTB) programs.
The organization is also looking to address the issue of transportation, with a particular focus on the need for safe and reliable rail service. ACD is supporting efforts to promote greater freight rail safety and competition.
Finally, ACD is calling for the long-term reauthorization of the Chemical Facility Anti-Terrorism Standards (CFATS) program. The organization believes that the program is essential for ensuring the security of the nation’s chemical facilities.
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