Attention foreign manufacturers! Congress wants to mandate that you have a registered agent in the United States so that you can be sued in U.S. courts.
The “Foreign Manufacturers Legal Accountability Act” (H.R. 4678) has 62 cosponsors in the House. Last week, the House Energy and Commerce Committee had a hearing on the bill, at which over a dozen Members were present.
In the Senate, companion legislation (S. 1606) has bi-partisan support. As recently as last week an effort was made to include the legislation in the tax extenders bill.
In other words, this train is moving! If you want to do anything about it, you need to act now! Please contact us iinsua@strtrade.com to find out how you can get involved.