The Senate Finance Committee on Apr 22 approved the Trade Promotion Authority bill, which would streamline passage of the TPP through Congress. Seven Democrats supported the bill. The legislation has splintered congressional Democrats and put them at odds with President Obama and his bid to push through his trade agenda before he leaves office. Full Senate vote expected in May.
The bill gives Congress an up-or-down vote on trade agreements and doesn’t allow amendments, a process that ensures trading partners that pacts won’t be changed on Capitol Hill.
The committee also easily approved a Trade Adjustment Assistance bill on a 17-9 vote that Hatch and others say will have to pass each chamber simultaneously.
The panel approved, by a voice vote, a package that includes the renewal of the African Growth and Opportunity Act, the Generalized System of Preferences and continuing trade benefits for Haiti.
The panel also approved on a voice vote a customs enforcement measure that Wyden said includes the “most robust trade enforcement provisions in decades.”
Read more …
Congressional panels approve TPA, with conditions, Apr 23, 2015