BoatUS backs bill that adds outdoor recreation to GDP - Trade Only Today

BoatUS backs bill that adds outdoor recreation to GDP

BoatUS said it hopes President Obama will sign the bill before the end of the year.
Author:
Publish date:
Social count:
0
Adding the boating and fishing industries into the nation’s Gross Domestic Product could lead to improvements for boaters.

Adding the boating and fishing industries into the nation’s Gross Domestic Product could lead to improvements for boaters.

BoatUS is sending the message to boaters that including outdoor industries such as boating and fishing in the nation’s Gross Domestic Product is good for them.

The Senate passed the Outdoor Recreation Jobs and Economic Impact Act of 2016 (Outdoor REC Act, H.R. 4665) on Nov. 28. BoatUS is telling its members they stand to gain from the bill in boating advocacy, services and safety.

BoatUS said it hopes President Obama will sign the bill before the end of the year. It instructs the Department of Commerce and federal land management agencies to provide statistics on the boating industry’s impact at those agencies. The information is used to tabulate GDP data.

According to the American Recreation Coalition, outdoor recreation represents more than 6 million jobs and $646 billion in economic activity annually.

“If recreational boating, as part of the outdoor industry, has its economic impact measured and highlighted, it could help support funding for improvements in recreational boating,” BoatUS government affairs manager David Kennedy said in a statement. “The passage of the act will also help policy-makers at all levels of government understand the importance of the recreational boating and sport fishing industries.”

Related

NMMA: Bad trade policies are piling up

President Trump announced a new round of tariffs on China that would affect marine components being imported from there, further jeopardizing strong growth in the industry, said the National Marine Manufacturers Association.

Law symposium issues call for speakers

Following the success of the 2017 and 2018 ABYC Marine Law Symposiums on the East Coast, the American Boat and Yacht Council will host next year’s Marine Law Symposium in Seattle on Jan. 8.