President Obama Signs PACT Act Into Law
President Obama signed the Prevent All Cigarette Trafficking Act – or PACT Act – into law yesterday successfully ending years of intense lobbying by AWMA and others in favor of this important legislation.
With the stroke of a pen, President Obama put into law this bill that will go a long way towards combating illegal, online cigarette sales that have robbed states of hundreds of millions of dollars and undermined state laws preventing our youth from gaining access to tobacco products. And, the enactment of this legislation is a huge win for the distribution industry – ensuring that law-abiding distributors will no longer have to compete with this illegal trade.
“With the PACT Act becoming law, President Obama and Congress prove their shared commitment to keeping tobacco out of kid’s hands. President Obama, Rep. Anthony Weiner (D-NY) and Sen. Herb Kohl (D-WI) deserve credit for helping curtail the illegal activities and capturing lost state revenues associated with contraband tobacco,” stated AWMA President Scott Ramminger.
Anne Holloway, Vice President of Government Affairs for AWMA also praised Congress and the President for recognizing the importance of this legislative initiative. “Passage of the PACT Act is a real win for everyone – except the illegal remote sellers of tobacco products. AWMA wishes to thank all our members who have worked so hard to support our efforts on this important issue as it worked its way through the U.S. House of Representatives and the U.S. Senate. Your voice was heard in Congress!”
The PACT Act will take effect 90 days after the President signs the bill which would make the effective date the end of June 2010.
For more information regarding the enactment of this landmark legislation please visit the AWMA-led coalition Web site at coalitiontostopcontrabandtobacco.com
To view the Press Release, CLICK HERE
Information provided by: The American Wholesale Marketers Association