
Trade Promotion Authority Expires July 1
June 29, 2021 8:38 pmindication that they would seek TPA renewal.
indication that they would seek TPA renewal.
Earlier this week, President Barack Obama signed into law Trade Promotion Authority and the Trade Preferences Extension Act, which will clear the way for U.S. trade negotiators to successfully finalize trade agreements currently being discussed.
Earlier this week, the House gave Republican leadership and President Barack Obama until July 30 to figure out a way to pass Trade Promotion Authority legislation following its failure to proceed under a technical move on June 12.
The House could soon consider Trade Promotion Authority (TPA), legislation which would allow the president to enter into reciprocal trade agreements, and passed the Senate last month.
The Senate in the midst of debating amendments to legislation (TPA-2015) which would allow the president to enter into reciprocal trade agreements and requires a timely vote from Congress absent amendments.
Yesterday, Senate Democrats voted against a procedural motion to consider Trade Promotion Authority (TPA), which would reinstate TPA and set specific conditions on the president when negotiating trade deals.
Recently, bipartisan legislation was introduced in the Senate and House to modernize and renew Trade Promotion Authority (TPA) by establishing concrete rules for international trade negotiations.
Yesterday, (USTR) Michael Froman testified before the Senate Committee on Finance and the House Ways and Means Committee on the importance of Trade Promotion Authority renewal.