It would be a dramatic understatement to say the world has changed since trade promotion authority was last reauthorized in 2002. To reflect the global economy in 2015 and beyond, we need a trade agenda that confronts important 21st century issues. That’s why the newly-released Trade Priorities and Accountability Act includes important updates to address:
Cross-Border Data Flows: New…
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One
of the important components of TPA legislation is congressional consultation. The administration is required to consult with Congress throughout trade negotiations. Failing to do so could mean the loss of TPA protections for a trade agreement. But what exactly does it mean to “consult” with Congress? It’s a good question, and here’s the specific answer, as outlined in the…
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By The Editorial Board
April 16, 2015
The big news Thursday was that Republicans and Democrats on the Senate Finance Committee had reached a deal to produce a compromise bill that would give President Obama the ability to negotiate free-trade agreements with the rest of the world. The deeper news, in our view, is that there are still Members of Congress fighting free trade’s…
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The Trade Priorities and Accountability Act introduced yesterday represents an important step forward for America’s trade agenda. The bill is similar to legislation introduced last year, but includes a number of important modifications and improvements. The bill adds additional transparency requirements, elevates promoting human rights to a negotiating objective, and —most notably—creates…
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WASHINGTON
— This afternoon on CNBC’s Closing Bell, House Ways and Means Chairman Paul Ryan (R-WI) discussed the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. During the interview, Ryan reiterated the importance of reaching a trade agreement with 12 Pacific nations and explained why the United States…
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Trade
Agreements Are Good For American Workers, Job Creators, and Our National Security
One in five American jobs is tied to trade. That’s 38 million jobs in total. And jobs that are tied to trade pay, on average, 18 percent more.
If we want to grow our economy, we need to sell more American-made goods and…
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What is TPA?
Trade Promotion Authority—or TPA—is a partnership between Congress and the administration that helps secure the most effective trade agreements possible. It has three main components: a list of congressionally-prescribed negotiating objectives that sets priorities for the administration to follow; robust consultation and transparency requirements that give Congress…
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WASHINGTON — Today, the leaders of the U.S. Senate Finance and House Ways and Means Committees announced bipartisan, bicameral legislation to help advance America’s trade priorities and better facilitate U.S. trade with developing countries.
The AGOA Extension and Enhancement Act of 2015, introduced by Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (R-Ore.)…
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WASHINGTON
— Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.) and House Ways and Means Chairman Paul Ryan (R-Wis.) today introduced bipartisan, bicameral Trade Promotion Authority (TPA) legislation that establishes concrete rules for international trade negotiations to help the United States deliver strong, high-standard trade agreements that will…
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The Bipartisan Congressional Trade Priorities and Accountability Act (TPA) will help deliver the strongest possible trade agreements that will boost American exports and benefit American workers, manufacturers, farmers, ranchers, and job creators.
Ninety-six percent of the world’s customers are outside the United States. If we want to create more opportunity and more high-paying…
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