Obama

Obama, Republicans push anti-China trade pact – Patrick Martin

Both the US Senate and House of Representatives have begun action on legislation to grant President Obama Trade Promotion Authority, also known as “fast-track” authority, which would enable the US government to finalize the Trans-Pacific Partnership, a trade agreement with 11 other countries in Asia and the Americas.

The Senate Finance Committee on Wednesday, in a 20-6 vote, approved the measure and sent it to the Senate floor, where it will likely face stronger opposition in advance of a vote in the coming weeks. Five Democrats and one Republican on the committee voted “no.”

The Finance Committee vote followed an agreement last week between Republicans and a section of committee Democrats on the terms of the TPA legislation after protracted talks between the committee chairman, Orrin Hatch of Utah, and the ranking Democrat, Ron Wyden of Oregon.

The House Ways and Means Committee was to begin work on the legislation Thursday, its chairman, Paul Ryan of Wisconsin, announced. Ryan participated in the talks with Hatch and Wyden and signed off on the deal.

The bill would give the president authority to negotiate trade agreements under provisions for fast-track congressional approval–the House and Senate would each have up-or-down votes without amendments or procedural delays–for the next three years.

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