Obama signs outdoor recreation bill into law - Trade Only Today

Obama signs outdoor recreation bill into law

President Obama signed the Outdoor Recreation Jobs and Economic Impact Act of 2016 into law on Thursday.
Author:
Publish date:

President Obama signed the Outdoor Recreation Jobs and Economic Impact Act of 2016 into law on Thursday.

The National Marine Manufacturers Association is praising the move, calling the bill “critical” and saying it quantifies the true size of the outdoor economy, including recreational boating.

Better known as the REC Act, it will instruct the Commerce Department’s Bureau of Economic Analysis to assess and analyze the U.S. outdoor recreation economy and its effects on the nation’s overall economy.

“NMMA celebrates the passage of the REC Act … which ensures boating and outdoor recreation access for generations to come by highlighting the economic value of recreation, an industry that supports an estimated 6 million jobs and $646 billion in economic activity,” NMMA president Thom Dammrich said in a statement.

“We’re excited to be a part of the team that will work with the Bureau of Economic Analysis to shape how outdoor recreation is defined and ensure the boating and outdoor recreation industries’ economic reach are recognized.”

The new law directs the Secretary of Commerce, through the Bureau of Economic Analysis, to “conduct an assessment and analysis of the outdoor recreation economy of the United States.”

The Secretary of the Interior enacted a temporary pilot program in April. The NMMA said passage of the REC Act was needed to make sure the outdoor economy receives official government recognition for years to come.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.