Trade Promotion Authority Bill Needs More Specifics
January 23, 2014, 1:36 AM EST
Law360, New York (January 23, 2014, 1:36 AM EST) -- On Jan. 9, 2014, Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah, introduced the "Bipartisan Congressional Trade Priorities Act of 2014," which would renew trade promotion authority (TPA) for the Obama administration and future administrations. Through TPA legislation, Congress defines U.S. negotiating objectives, oversight and consultation procedures for trade negotiations, and creates a streamlined method for the passage of trade agreements.
Under the Act, TPA would apply to any implementing bills submitted for trade agreements entered into before July 1, 2018, or July 1, 2021, provided...