Law360, New York (April 21, 2015, 5:23 PM EDT) -- On April 16, long-awaited trade promotion authority legislation was introduced in the House and Senate. The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (S. 995/H.R. 1890) is sponsored by the Chairman and Ranking Member of the Senate Finance Committee, Sens. Orrin Hatch, R-Utah, and Ron Wyden, D-Ore., and Chairman of the House Ways and Means Committee Paul Ryan, R-Wis. The ranking member of the Ways and Means Committee, Sandy Levin, D-Mich., was notably not a co-sponsor of the bill. The legislation renews presidential authority to negotiate and submit to Congress trade agreements, including the nearly completed Trans-Pacific Partnership. Previous trade promotion authority lapsed in 2007....
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