Government Affairs , Government Affairs (Featured) , Government Affairs (Federal)

Vote on TPA Expected as Early as Tomorrow


What is TPA?

Key Elements of TPA:

1.    TPA outlines Congressional guidance to the President on trade policy priorities and negotiating objectives.

2.    TPA establishes Congressional requirements for the Administration to notify and consult with Congress, with the private sector and other stakeholders and with the public during the negotiations of trade agreements.
 
3.    TPA defines the terms, conditions and procedures under which Congress allows the Administration to enter into trade agreements and sets the procedures for Congressional consideration of bills to implement the agreements.
 
Source: www.ustr.gov
 
 
 
TPA Supports U.S. JOBS


Every $1 billion in exports of U.S. goods and services supports more than 5,000 U.S. jobs. 
  • One in three manufacturing jobs depends on exports, and one in three acres on American farms is planted for export.
  • More than 97% of the 300,000 U.S. companies that export their products are small and medium-sized companies.
 
 
Recommendations
 
  • Congress should renew Trade Promotion Authority to allow the negotiation of new job-creating trade agreements.

  • TPA should be structured to clarify the checks and balances in the Constitution’s executive/legislative partnership on trade, with Congress setting objectives and the Executive Branch consulting with legislators throughout the process.

  • Every President since Franklin D. Roosevelt has had TPA; every President should have it.

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