Congress Introduces Bill to Renew Trade Promotion Authority
Tuesday, April 21, 2015(North American Meat Institute)
Leaders in both the House and Senate joined together to introduce the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (S.995/ HB.1890). The bill would renew Trade Promotion Authority (TPA), which establishes concrete rules for international trade negotiations to help the United States deliver strong, high-standard trade agreements that will boost American exports and create new economic opportunities and better jobs for American workers, manufacturers, farmers, ranchers and entrepreneurs.
The proposed bill outlines 21st century congressional negotiating objectives that any administration must follow when entering into and conducting trade talks with foreign countries, while also increasing transparency by requiring that Congress have access to important information surrounding pending trade deals and that the public receive detailed updates and see the full details of trade agreements well before they are signed. TPA also would allow President Obama to finalize negotiations surrounding the Trans Pacific Partnership and Transatlantic Trade and Investment Partnership.
The Meat Institute strongly supports the TPA bill and has been working closely with other industry and business associations to push for its introduction and passage.
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