TPA Faces Uncertain Future After House VoteTuesday, June 16, 2015
(North American Meat Institute)
The U.S. House of Representatives last Friday voted 219-211 to narrowly approve Trade Promotion Authority (TPA), but rejected a measure on Trade Assessment Assistance (TAA), which had been linked to the TPA legislation. The Senate had previously approved legislation that combined both TPA and TAA, requiring the House pass both measures, before the final bill could proceed to the President for his signature. TAA, which the House voted 302-126 to reject, would provide training and other assistance to American workers whose jobs are displaced by international trade. TPA would grant Congress the power consider trade agreements with an up-or-down vote, without the possibility of offering amendments that could block a deal. Passage of TPA is essential to complete the Trans Pacific Partnership and Transatlantic Trade and Investment Partnership agreements.
"Without TPA, our trading partners won't take us seriously and the U.S. risks critical trade agreements that hold enormous potential just for companies that export, and for our economy as a whole," said NAMI President and CEO Barry Carpenter.
Following the vote, House Speaker John Boehner (R-OH) immediately moved to reconsider the vote on TAA, which will likely occur this week.share on facebook share on twitter