American Encore Joins Conservative Coalition Opposing APEX Act's Price-Setting Over Aluminum Reference Prices

American Encore Joins Conservative Coalition Opposing APEX Act's Price-Setting Over Aluminum Reference Prices

October 24, 2019

American Encore is joining 16 other free-market organizations in opposition to The Aluminum Pricing Examination (APEX) Act.

The APEX Act would expand the ability for the U.S Commodity Futures Trading Commision to set prices in the aluminum makert, and would potentially manipulate the market and alter price signals.

The coalition letter reads, in part:

“By granting the government authority to arbitrarily alter market signals, supporters of the APEX Act—such as certain beer manufacturers with a history of working with politicians to distort the free market—are openly seeking to artificially deflate the price of aluminum. Such an outrageously crony abuse of government is unethical, and history shows that it will only worsen matters by further distorting the market and creating or exacerbating shortages. Domestic producers, faced with extensive government regulations and thinner profit margins, would find it increasingly difficult to survive and further erode domestic supply, a boon for foreign producers.”

Representatives from the following 17 organizations joined the letter: Center for Freedom and Prosperity, Competitive Enterprise Institute, Taxpayers Protection Alliance, Less Government, American Consumer Institute, Tea Party Nation, Campaign for Liberty, Consumer Action for a Strong Economy, National Black Chamber of Commerce, American Encore, Market Institute, Citizen Outreach, Institute for Liberty, Institute for Policy Innovation, Frontiers of Freedom, National Tax Limitation Committee, and 60 Plus Association.

 

It's Time for an American Encore