AMI Responds to President's Chamber of Commerce Speech With Call for Withdrawal of Proposed GIPSA RuleTuesday, February 8, 2011
(American Meat Institute)
President Obama told the U.S. Chamber of
Commerce in a speech yesterday that he
urges to businesses to make investments that
will help create growth and that, “If there
is a reason you don
AMI responded to the President’s call, noting that an excellent first fix would be a withdrawal of the proposed livestock marketing rule published in June by USDA’s Grain Inspection, Packers and Stockyards Administration (GIPSA). The comment period on the rule closed in November and more than 60,000 comments were filed. USDA must now begin the process of reviewing the voluminous comments.
“The future direction of the proposed rule
is uncertain, and if there’s one thing that
American businesses cannot tolerate easily now
it’s more economic uncertainty.
Uncertainty kills investment and, in turn,
economic growth,” said AMI President J.
During his speech, Obama stressed the
“We know what it will take for
According to an economic analysis by John Dunham and Associates on behalf AMI, however, the proposed GIPSA rule could cost 104,000 jobs and remove $14 billion from the GDP.
Obama also noted that a primary responsibility of the government is to break down barriers that stand in the way of success, including unnecessary regulations, and urged those with concerns to voice them.
“We’ve been telling anyone who would
listen that this proposal stands to harm the
To read more about the proposed rule, go to www.MeatAMI.com/gipsa.share on facebook share on twitter