According to House Ways and Means Chair Dave Camp, lawmakers have made considerable progress in pulling together a Trade Promotion Authority bill. In fact, he expects Congress to pass a bill within the first few months of the new year as long as the Administration actively participates. The Obama Administration has been calling on Congress to approve TPA, which would allow any trade deal to move through Congress swiftly as lawmakers can only vote them up or down. The Administration needs TPA to secure the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. Camp said concluding those negotiations, and other trade agreements, will require Congressional passage of Trade Promotion Authority legislation.
Source: NAFB News Service