June 29, 2010 (WASHINGTON, DC) – The United States House of Representative today passed a major piece of pro-sportsmen legislation to help firearm and ammunition manufacturers to grow business and help strengthen wildlife conservation funding.
H.R. 5552 the “Firearms Excise Tax Improvement Act of 2010” or so-called FAET legislation, sponsored by current Congressional Sportsmen’s Caucus (CSC) Member and former Co-Chair, Rep. Ron Kind, co-sponsored by 76 House members including many members of the CSC, and supported by the sportsmen community, was passed overwhelmingly 412-6 this afternoon.
“Today is a major victory for firearms and ammunition manufacturers who will now be treated equally under the U.S. tax code and as a result will be able to reinvest funds into researching and developing new products, purchasing new manufacturing machinery, and creating jobs,” said CSF President Jeff Crane. “This legislation will help to continue funding major conservation efforts throughout the nation via the Pittman-Robertson Wildlife Restoration Trust Fund.”
