Senate Finance Committee pass PNTR for Russia
Senate Finance Committee Chairman Max Baucus (D-Mont.) today applauded the Committee’s unanimous approval of his bill establishing permanent normal trade relations (PNTR) with Russia and removing Russia from the 1974 Jackson-Vanik amendment. Chairman Baucus’s bill will enable U.S. businesses to create jobs here at home by capitalizing on Russia’s growing market. The legislation supports and creates thousands of U.S. jobs across every sector of the American economy, including manufacturing, agriculture and services, by helping double U.S. exports to Russia within five years.