Senator Lee’s Formula Act Passes Senate

The U.S. Senate has unanimously passed the Formula Act from Senator Mike Lee (R-UT). The House of Representatives had previously modified and passed the bill resulting in Senate reconsideration. The bill will eliminate import tariffs on baby formula and baby formula input products until the end of this year. The bill is headed to the White House for the President's signature. According to the press release from Senator Lee's office, out of stock rates of baby formula in Utah stores has been as high as 90%.