[Congressional Record Volume 172, Number 108 (Monday, June 29, 2026)]
[Extensions of Remarks]
[Page E630]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




HONORING COMSTOCK & HOLT, INC. ON THE OCCASION OF ITS 170TH ANNIVERSARY

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                          HON. JOSH GOTTHEIMER

                             of new jersey

                    in the house of representatives

                         Monday, June 29, 2026

  Mr. GOTTHEIMER. Mr. Speaker, I rise today to honor Comstock & Holt, 
Inc. on the occasion of its remarkable 170th anniversary. Since its 
founding in 1856, Comstock & Holt has stood as a cornerstone of 
American trade and remains the Nation's oldest continuously operating 
duty drawback specialist. For nearly two centuries, the company has 
exemplified the entrepreneurial spirit, innovation, and dedication that 
have helped drive American economic growth.
  Comstock & Holt's legacy is deeply tied to the duty drawback program, 
the oldest trade instrument in the United States. Established through 
the Tariff Act of 1789, duty drawback is founded on the principle that 
duties should not be permanently imposed on goods that do not remain in 
American commerce. By allowing businesses to recover duties paid on 
imported products that are later exported, the program strengthens 
American manufacturing, promotes exports, and enhances the 
competitiveness of U.S.businesses around the world.
  Founded in New York City by Charles J. Holt and William H. Holt, the 
company has provided uninterrupted service for 170 years. Through wars, 
economic downturns, technological advances, and significant changes in 
trade policy. Comstock & Holt has remained a trusted partner to 
American businesses, its expertise has helped countless companies 
navigate complex customs laws and reclaim funds rightfully available to 
them under federal law.
  The company's history includes the incorporation of C.J. Holt & Co. 
in 1919 and its eventual combination with Comstock & Theakston, Inc., 
founded in 1894. In 2025, the firms formally united under the name 
Comstock & Holt, Inc., bringing together more than 300 years of 
combined industry expertise. Beyond serving clients, the company has 
played a leading role in shaping modern drawback regulations, educating 
the trade community, and advancing improvements to the drawback system.
  For 170 years, Comstock & Holt has remained committed to the 
principles that have guided American trade since our Nation's founding. 
Its work supports industries ranging from agriculture and manufacturing 
to pharmaceuticals and technology, helping American companies compete 
in the global marketplace. I ask my colleagues to join me in 
congratulating Comstock & Holt, Inc. on this historic milestone and in 
recognizing its extraordinary contributions to American commerce and 
trade.

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